Afriquia Gaz Balance Sheet Health
Financial Health criteria checks 5/6
Afriquia Gaz has a total shareholder equity of MAD3.0B and total debt of MAD900.9M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are MAD8.8B and MAD5.8B respectively. Afriquia Gaz's EBIT is MAD815.0M making its interest coverage ratio 6. It has cash and short-term investments of MAD693.3M.
Key information
30.3%
Debt to equity ratio
د.م900.93m
Debt
Interest coverage ratio | 6x |
Cash | د.م693.33m |
Equity | د.م2.97b |
Total liabilities | د.م5.85b |
Total assets | د.م8.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GAZ's short term assets (MAD3.4B) do not cover its short term liabilities (MAD4.2B).
Long Term Liabilities: GAZ's short term assets (MAD3.4B) exceed its long term liabilities (MAD1.6B).
Debt to Equity History and Analysis
Debt Level: GAZ's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: GAZ's debt to equity ratio has reduced from 38.8% to 30.3% over the past 5 years.
Debt Coverage: GAZ's debt is well covered by operating cash flow (164.8%).
Interest Coverage: GAZ's interest payments on its debt are well covered by EBIT (6x coverage).