Afrimat (JSE:AFT) Effective Interest Rate on Debt %: 11.19% (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:AFT Afrimat Ltd JSE:AFT
71 GF Score
Price R27.61
GF Value R98.67
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Afrimat Effective Interest Rate on Debt %?

Afrimat JSE:AFT +0.88% 71 Effective Interest Rate on Debt % is 11.19% as of Feb. 2026. GuruFocus rates JSE:AFT with a GF Score™ of 71/100 and a GF Value™ of R98.67 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Afrimat's annualized positive value of Interest Expense for the quarter that ended in Feb. 2026 was R299 Mil. Afrimat's average total debt for the quarter that ended in Feb. 2026 was R2,677 Mil. Therefore, Afrimat's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2026 was 11.19%.


Afrimat  (JSE:AFT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Afrimat Effective Interest Rate on Debt % Related Terms


Afrimat Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Afrimat's Effective Interest Rate on Debt % 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.

Afrimat Effective Interest Rate on Debt % Chart

Afrimat Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.42 12.50 15.81 13.16

Afrimat Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.34 13.47 9.91 12.64 11.19

JSE:AFT vs CRH, VMC, MLM: Effective Interest Rate on Debt % Comparison

For the Building Materials subindustry, Afrimat's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afrimat's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Afrimat's Effective Interest Rate on Debt % falls into.


JSE:AFT
71GF Score
Afrimat Ltd JSE:AFT
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afrimat Effective Interest Rate on Debt % Calculation

Afrimat's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2025 )+Total Debt  (A: Feb. 2026 ))/ count )
=-1  *  -298.151/( (1937.095+2595.138)/ 2 )
=-1  *  -298.151/2266.1165
=13.16 %

where

Total Debt  (A: Feb. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=193.852 + 1743.243
=1937.095

Total Debt  (A: Feb. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=935.833 + 1659.305
=2595.138

Afrimat's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2025 )+Total Debt  (Q: Feb. 2026 ))/ count )
=-1  *  -299.42/( (2758.7+2595.138)/ 2 )
=-1  *  -299.42/2676.919
=11.19 %

where

Total Debt  (Q: Aug. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=182.531 + 2576.169
=2758.7

Total Debt  (Q: Feb. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=935.833 + 1659.305
=2595.138

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Feb. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 11.19% mean?
Afrimat (JSE:AFT) has a Effective Interest Rate on Debt % of 11.19% as of Feb. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Afrimat and its competitors.
Is Afrimat's Effective Interest Rate on Debt % too high?
Afrimat's current Effective Interest Rate on Debt % is 11.19%. Overall, Afrimat has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afrimat's Effective Interest Rate on Debt % compare to CRH and VMC?
Afrimat's Effective Interest Rate on Debt % of 11.19% can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Building Materials company?
A good Effective Interest Rate on Debt % depends on the Building Materials industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Afrimat and its competitors. Afrimat's current Effective Interest Rate on Debt % is 11.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afrimat stock overvalued right now?
Based on GuruFocus' analysis, Afrimat (JSE:AFT) is currently considered Significantly Undervalued. The stock's GF Value™ is R98.67, compared to a current price of R27.61 — trading 72% below its estimated fair value. The current Effective Interest Rate on Debt % is 11.19%. Afrimat's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current Effective Interest Rate on Debt % is 11.19% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Afrimat (JSE:AFT) Overvalued in 2026?

Based on GuruFocus' analysis, Afrimat stock appears to be undervalued. The current stock price of R27.61 is trading 72% below its estimated GF Value™ of R98.67. GuruFocus considers Afrimat to be Significantly Undervalued.

Key valuation signals for JSE:AFT:

  • Effective Interest Rate on Debt %: 11.19%
  • GF Value™: R98.67 vs. price of R27.61 (72% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the JSE:AFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Afrimat Business Description

Address Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530
Afrimat Ltd is a South Africa-based company. It has five segment Construction Materials, Industrial Minerals, Bulk Commodities, Future Materials and Metals, and Services. The company generates majority of revenue from Construction Materials comprises two distinct product segments: Aggregates and Cement. Aggregates include the sale of sand, gravel, crushed stone, and concrete-based products. Concrete-based products are produced using rock, sand, water, cement, and readymix concrete are typically used in various construction applications. The segment also includes the processing and sale of fly-ash, a by-product used to enhance concrete performance. Cement consists of the manufacturing and supply of cement. The Group views the entire southern African region as a single geographical area.
71GF Score

Get the complete analysis for JSE:AFT

Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R27.61
Price
R98.67
GF Value