Africa Energy Balance Sheet Health
Financial Health criteria checks 2/6
Africa Energy has a total shareholder equity of $131.8M and total debt of $6.8M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are $138.8M and $7.0M respectively.
Key information
5.2%
Debt to equity ratio
US$6.83m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.71m |
| Equity | US$131.85m |
| Total liabilities | US$6.99m |
| Total assets | US$138.83m |
Recent financial health updates
Is Africa Energy (CVE:AFE) A Risky Investment?
Feb 22
Africa 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 05Recent updates
Is 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 ($1.8M) exceed its short term liabilities ($161.0K).
Long Term Liabilities: AFE's short term assets ($1.8M) do not cover its long term liabilities ($6.8M).
Debt to Equity History and Analysis
Debt Level: AFE's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: AFE's debt to equity ratio has increased from 0% to 5.2% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AFE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13% each year