African and Overseas Enterprises Balance Sheet Health
Financial Health criteria checks 3/6
African and Overseas Enterprises has a total shareholder equity of ZAR443.7M and total debt of ZAR295.2M, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are ZAR1.1B and ZAR647.0M respectively. African and Overseas Enterprises's EBIT is ZAR113.1M making its interest coverage ratio 8.1. It has cash and short-term investments of ZAR50.5M.
Key information
66.5%
Debt to equity ratio
R295.22m
Debt
Interest coverage ratio | 8.1x |
Cash | R50.45m |
Equity | R443.74m |
Total liabilities | R647.00m |
Total assets | R1.09b |
Financial Position Analysis
Short Term Liabilities: AOO's short term assets (ZAR244.4M) exceed its short term liabilities (ZAR185.8M).
Long Term Liabilities: AOO's short term assets (ZAR244.4M) do not cover its long term liabilities (ZAR461.2M).
Debt to Equity History and Analysis
Debt Level: AOO's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: AOO's debt to equity ratio has increased from 0% to 66.5% over the past 5 years.
Debt Coverage: AOO's debt is well covered by operating cash flow (40.3%).
Interest Coverage: AOO's interest payments on its debt are well covered by EBIT (8.1x coverage).