Afrimat (JSE:AFT) Debt-to-Equity : 0.13 (As of Aug. 2023)

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What is Afrimat Debt-to-Equity?

Afrimat's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R321 Mil. Afrimat's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R200 Mil. Afrimat's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R4,163 Mil. Afrimat's debt to equity for the quarter that ended in Aug. 2023 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Afrimat's Debt-to-Equity or its related term are showing as below:

JSE:AFT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 0.5
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Afrimat was 0.50. The lowest was 0.08. And the median was 0.22.

JSE:AFT's Debt-to-Equity is ranked better than
77.68% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs JSE:AFT: 0.13

Afrimat Debt-to-Equity Historical Data

The historical data trend for Afrimat's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Afrimat Debt-to-Equity Chart

Afrimat Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.37

0.18

0.39

0.22

0.08

Afrimat Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.22	0.08	0.08	0.13

Competitive Comparison of Afrimat's Debt-to-Equity

For the Building Materials subindustry, Afrimat's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Afrimat's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afrimat's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Afrimat's Debt-to-Equity falls into.

Afrimat Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afrimat's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(146.248	+	166.328)	/	3835.247
	=	0.08

Afrimat's Debt to Equity Ratio for the quarter that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(320.879	+	199.598)	/	4162.915
	=	0.13

Afrimat (JSE:AFT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Afrimat Debt-to-Equity Related Terms

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Afrimat (JSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in three segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; and Services segment consists of Group shared services including IT services, consulting services, etc. It operates in a single geographical segment, which is the African region.