Afaq For Energy P.L.C Balance Sheet Health
Financial Health criteria checks 2/6
Afaq For Energy P.L.C has a total shareholder equity of JOD21.3M and total debt of JOD143.2M, which brings its debt-to-equity ratio to 673.2%. Its total assets and total liabilities are JOD596.9M and JOD575.6M respectively. Afaq For Energy P.L.C's EBIT is JOD43.9M making its interest coverage ratio 2.2. It has cash and short-term investments of JOD12.8M.
Key information
673.2%
Debt to equity ratio
د.أ143.21m
Debt
| Interest coverage ratio | 2.2x |
| Cash | د.أ12.79m |
| Equity | د.أ21.27m |
| Total liabilities | د.أ575.60m |
| Total assets | د.أ596.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MANE's short term assets (JOD287.0M) do not cover its short term liabilities (JOD384.3M).
Long Term Liabilities: MANE's short term assets (JOD287.0M) exceed its long term liabilities (JOD191.3M).
Debt to Equity History and Analysis
Debt Level: MANE's net debt to equity ratio (613%) is considered high.
Reducing Debt: MANE's debt to equity ratio has increased from 130.9% to 673.2% over the past 5 years.
Debt Coverage: MANE's debt is well covered by operating cash flow (28.1%).
Interest Coverage: MANE's interest payments on its debt are not well covered by EBIT (2.2x coverage).