Airtel Africa Balance Sheet Health
Financial Health criteria checks 3/6
Airtel Africa has a total shareholder equity of $2.3B and total debt of $2.1B, which brings its debt-to-equity ratio to 90.1%. Its total assets and total liabilities are $9.5B and $7.2B respectively. Airtel Africa's EBIT is $1.5B making its interest coverage ratio 3.7. It has cash and short-term investments of $507.0M.
Key information
90.1%
Debt to equity ratio
US$2.10b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$507.00m |
| Equity | US$2.33b |
| Total liabilities | US$7.20b |
| Total assets | US$9.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AART.Y's short term assets ($1.9B) do not cover its short term liabilities ($3.7B).
Long Term Liabilities: AART.Y's short term assets ($1.9B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: AART.Y's net debt to equity ratio (68.3%) is considered high.
Reducing Debt: AART.Y's debt to equity ratio has reduced from 141.4% to 90.1% over the past 5 years.
Debt Coverage: AART.Y's debt is well covered by operating cash flow (99.6%).
Interest Coverage: AART.Y's interest payments on its debt are well covered by EBIT (3.7x coverage).