Africa Energy Balance Sheet Health
Financial Health criteria checks 4/6
Africa Energy has a total shareholder equity of $32.7M and total debt of $9.4M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are $42.3M and $9.7M respectively.
Key information
28.7%
Debt to equity ratio
US$9.37m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.32m |
| Equity | US$32.66m |
| Total liabilities | US$9.66m |
| Total assets | US$42.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEC's short term assets ($2.4M) do not cover its short term liabilities ($9.7M).
Long Term Liabilities: AEC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AEC's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: AEC's debt to equity ratio has increased from 0% to 28.7% over the past 5 years.
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: AEC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AEC has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 5.3% each year.