Altern Energy Balance Sheet Health
Financial Health criteria checks 5/6
Altern Energy has a total shareholder equity of PKR28.4B and total debt of PKR2.5B, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are PKR37.2B and PKR8.8B respectively. Altern Energy's EBIT is PKR6.2B making its interest coverage ratio -6.9. It has cash and short-term investments of PKR9.1B.
Key information
8.8%
Debt to equity ratio
PK₨2.50b
Debt
| Interest coverage ratio | -6.9x |
| Cash | PK₨9.11b |
| Equity | PK₨28.45b |
| Total liabilities | PK₨8.79b |
| Total assets | PK₨37.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALTN's short term assets (PKR27.1B) exceed its short term liabilities (PKR7.8B).
Long Term Liabilities: ALTN's short term assets (PKR27.1B) exceed its long term liabilities (PKR970.7M).
Debt to Equity History and Analysis
Debt Level: ALTN has more cash than its total debt.
Reducing Debt: ALTN's debt to equity ratio has increased from 4.9% to 8.8% over the past 5 years.
Debt Coverage: ALTN's debt is well covered by operating cash flow (160.2%).
Interest Coverage: ALTN earns more interest than it pays, so coverage of interest payments is not a concern.