Altron Balance Sheet Health
Financial Health criteria checks 6/6
Altron has a total shareholder equity of ZAR4.2B and total debt of ZAR871.0M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are ZAR9.0B and ZAR4.7B respectively. Altron's EBIT is ZAR983.0M making its interest coverage ratio 9.2. It has cash and short-term investments of ZAR671.0M.
Key information
20.6%
Debt to equity ratio
R871.00m
Debt
| Interest coverage ratio | 9.2x |
| Cash | R671.00m |
| Equity | R4.23b |
| Total liabilities | R4.73b |
| Total assets | R8.97b |
Recent financial health updates
Recent updates
Altron Limited's (JSE:AEL) Shares Climb 26% But Its Business Is Yet to Catch Up
Jul 28
Is Altron (JSE:AEL) Using Too Much Debt?
Jun 25Altron (JSE:AEL) Is Increasing Its Dividend To ZAR0.33
May 23Altron (JSE:AEL) Has Announced That Its Dividend Will Be Reduced To ZAR0.19
May 18Is 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 (ZAR4.4B) exceed its short term liabilities (ZAR3.2B).
Long Term Liabilities: AEL's short term assets (ZAR4.4B) exceed its long term liabilities (ZAR1.6B).
Debt to Equity History and Analysis
Debt Level: AEL's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: AEL's debt to equity ratio has reduced from 97.2% to 20.6% over the past 5 years.
Debt Coverage: AEL's debt is well covered by operating cash flow (167.9%).
Interest Coverage: AEL's interest payments on its debt are well covered by EBIT (9.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 07:51 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/02/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Altron Limited is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Katherine Thompson | Edison Investment Research |
| Vikram Garewal | Investec Bank Limited (SA) |
| Andrew Cuffe | J.P. Morgan |