Alternus Energy Group Balance Sheet Health
Financial Health criteria checks 2/6
Alternus Energy Group has a total shareholder equity of $-82.7M and total debt of $32.8M, which brings its debt-to-equity ratio to -39.6%. Its total assets and total liabilities are $92.3M and $175.0M respectively.
Key information
-39.6%
Debt to equity ratio
US$32.75m
Debt
| Interest coverage ratio | n/a |
| Cash | US$290.00k |
| Equity | -US$82.69m |
| Total liabilities | US$174.96m |
| Total assets | US$92.28m |
Recent financial health updates
Recent updates
Not Many Are Piling Into Alternus Energy Group Plc (OB:ALT) Stock Yet As It Plummets 26%
Feb 17
Investors Still Aren't Entirely Convinced By Alternus Energy Group Plc's (OB:ALT) Revenues Despite 56% Price Jump
Dec 28Alternus Energy Group plc (OB:ALT) Doing What It Can To Lift Shares
Apr 19Returns At Alternus Energy Group (OB:ALT) Are On The Way Up
Jun 17Financial Position Analysis
Short Term Liabilities: ALT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ALT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ALT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ALT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable ALT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 05:31 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Alternus Energy Group Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Magnus Solheim | Fearnley Securities |