Altron Balance Sheet Health
Financial Health criteria checks 6/6
Altron has a total shareholder equity of ZAR3.9B and total debt of ZAR853.0M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ZAR9.1B and ZAR5.1B respectively. Altron's EBIT is ZAR534.0M making its interest coverage ratio 3.6. It has cash and short-term investments of ZAR723.0M.
Key information
21.7%
Debt to equity ratio
R853.00m
Debt
| Interest coverage ratio | 3.6x |
| Cash | R723.00m |
| Equity | R3.93b |
| Total liabilities | R5.13b |
| Total assets | R9.05b |
Recent financial health updates
Recent updates
Altron (JSE:AEL) Has Announced That Its Dividend Will Be Reduced To ZAR0.19
May 18
Is Altron (JSE:AEL) A Risky Investment?
Jun 17We Discuss Why Allied Electronics Corporation Limited's (JSE:AEL) CEO Compensation May Be Closely Reviewed
Jul 21There May Be Reason For Hope In Allied Electronics' (JSE:AEL) Disappointing Earnings
May 23Need To Know: Allied Electronics Corporation Limited (JSE:AEL) Insiders Have Been Selling Shares
Mar 18How Does Allied Electronics' (JSE:AEL) CEO Salary Compare to Peers?
Dec 16How Many Allied Electronics Corporation Limited (JSE:AEL) Shares Have Insiders Sold, In The Last Year?
Dec 03With EPS Growth And More, Allied Electronics (JSE:AEL) Is Interesting
Nov 19Financial Position Analysis
Short Term Liabilities: AEL's short term assets (ZAR5.1B) exceed its short term liabilities (ZAR3.0B).
Long Term Liabilities: AEL's short term assets (ZAR5.1B) exceed its long term liabilities (ZAR2.1B).
Debt to Equity History and Analysis
Debt Level: AEL's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: AEL's debt to equity ratio has reduced from 87.2% to 21.7% over the past 5 years.
Debt Coverage: AEL's debt is well covered by operating cash flow (141.9%).
Interest Coverage: AEL's interest payments on its debt are well covered by EBIT (3.6x coverage).