Africa Energy Balance Sheet Health
Financial Health criteria checks 4/6
Africa Energy has a total shareholder equity of $32.7M and total debt of $9.4M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are $42.3M and $9.7M respectively.
Key information
28.7%
Debt to equity ratio
US$9.37m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.32m |
| Equity | US$32.66m |
| Total liabilities | US$9.66m |
| Total assets | US$42.31m |
Recent financial health updates
Does Africa Energy (CVE:AFE) Have A Healthy Balance Sheet?
Sep 27
Is Africa Energy (CVE:AFE) A Risky Investment?
Jun 13Is Africa Energy (CVE:AFE) A Risky Investment?
Feb 22Africa Energy (CVE:AFE) Is Making Moderate Use Of Debt
Nov 08Is Africa Energy (CVE:AFE) Using Too Much Debt?
Jul 19Is Africa Energy (CVE:AFE) Using Debt In A Risky Way?
Apr 04Recent updates
Does Africa Energy (CVE:AFE) Have A Healthy Balance Sheet?
Sep 27Is Africa Energy (CVE:AFE) A Risky Investment?
Jun 13Is Africa Energy (CVE:AFE) A Risky Investment?
Feb 22Africa Energy (CVE:AFE) Is Making Moderate Use Of Debt
Nov 08Is Africa Energy (CVE:AFE) Using Too Much Debt?
Jul 19Is Africa Energy (CVE:AFE) Using Debt In A Risky Way?
Apr 04Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation
Jul 22Africa Energy (CVE:AFE) Is In A Strong Position To Grow Its Business
Apr 05Have Insiders Been Selling Africa Energy Corp. (CVE:AFE) Shares?
Feb 12
Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation
Jul 17Financial Position Analysis
Short Term Liabilities: AFE's short term assets ($2.4M) do not cover its short term liabilities ($9.7M).
Long Term Liabilities: AFE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AFE's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: AFE's debt to equity ratio has increased from 0% to 28.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AFE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AFE has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 5.3% each year.