African Distillers Balance Sheet Health
Financial Health criteria checks 4/6
African Distillers has a total shareholder equity of $11.7M and total debt of $5.5M, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are $23.7M and $12.0M respectively. African Distillers's EBIT is $6.6M making its interest coverage ratio 9.9. It has cash and short-term investments of $863.3K.
Key information
47.2%
Debt to equity ratio
US$5.51m
Debt
Interest coverage ratio | 9.9x |
Cash | US$863.32k |
Equity | US$11.68m |
Total liabilities | US$12.03m |
Total assets | US$23.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFDS's short term assets ($19.8M) exceed its short term liabilities ($11.1M).
Long Term Liabilities: AFDS's short term assets ($19.8M) exceed its long term liabilities ($960.1K).
Debt to Equity History and Analysis
Debt Level: AFDS's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: AFDS's debt to equity ratio has increased from 0% to 47.2% over the past 5 years.
Debt Coverage: AFDS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AFDS's interest payments on its debt are well covered by EBIT (9.9x coverage).