African and Overseas Enterprises Balance Sheet Health
Financial Health criteria checks 2/6
African and Overseas Enterprises has a total shareholder equity of ZAR468.2M and total debt of ZAR312.2M, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are ZAR1.1B and ZAR643.0M respectively. African and Overseas Enterprises's EBIT is ZAR49.7M making its interest coverage ratio 2.8. It has cash and short-term investments of ZAR64.7M.
Key information
66.7%
Debt to equity ratio
R312.25m
Debt
Interest coverage ratio | 2.8x |
Cash | R64.65m |
Equity | R468.20m |
Total liabilities | R643.04m |
Total assets | R1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AOVP's short term assets (ZAR268.0M) exceed its short term liabilities (ZAR162.8M).
Long Term Liabilities: AOVP's short term assets (ZAR268.0M) do not cover its long term liabilities (ZAR480.3M).
Debt to Equity History and Analysis
Debt Level: AOVP's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: AOVP's debt to equity ratio has increased from 0% to 66.7% over the past 5 years.
Debt Coverage: AOVP's debt is well covered by operating cash flow (28.3%).
Interest Coverage: AOVP's interest payments on its debt are not well covered by EBIT (2.8x coverage).