Alpha Namibia Industries Renewable Power Balance Sheet Health
Financial Health criteria checks 3/6
Alpha Namibia Industries Renewable Power has a total shareholder equity of NAD604.1M and total debt of NAD417.5M, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are NAD1.1B and NAD474.1M respectively. Alpha Namibia Industries Renewable Power's EBIT is NAD12.0M making its interest coverage ratio 0.7. It has cash and short-term investments of NAD408.4M.
Key information
69.1%
Debt to equity ratio
N$417.45m
Debt
| Interest coverage ratio | 0.7x |
| Cash | N$408.39m |
| Equity | N$604.11m |
| Total liabilities | N$474.11m |
| Total assets | N$1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ANE's short term assets (NAD462.7M) exceed its short term liabilities (NAD73.5M).
Long Term Liabilities: ANE's short term assets (NAD462.7M) exceed its long term liabilities (NAD400.6M).
Debt to Equity History and Analysis
Debt Level: ANE's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: ANE's debt to equity ratio has increased from 26.9% to 69.1% over the past 5 years.
Debt Coverage: ANE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ANE's interest payments on its debt are not well covered by EBIT (0.7x coverage).