Airtel Africa Balance Sheet Health
Financial Health criteria checks 3/6
Airtel Africa has a total shareholder equity of $2.6B and total debt of $2.3B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are $9.6B and $7.0B respectively. Airtel Africa's EBIT is $1.7B making its interest coverage ratio 4.4. It has cash and short-term investments of $866.0M.
Key information
88.8%
Debt to equity ratio
US$2.33b
Debt
Interest coverage ratio | 4.4x |
Cash | US$866.00m |
Equity | US$2.62b |
Total liabilities | US$7.03b |
Total assets | US$9.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9AA's short term assets ($2.2B) do not cover its short term liabilities ($3.8B).
Long Term Liabilities: 9AA's short term assets ($2.2B) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: 9AA's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: 9AA's debt to equity ratio has reduced from 291.2% to 88.8% over the past 5 years.
Debt Coverage: 9AA's debt is well covered by operating cash flow (97.2%).
Interest Coverage: 9AA's interest payments on its debt are well covered by EBIT (4.4x coverage).