MTN Rwandacell Company Overview
Attractive Return Profile | Capital Structure
Overview and Financing Strategy
Debt Evolution
Net Debt(1)
(FRw bn)
•
MTNR has historically maintained moderate leverage; remains in a
comfortable position relative to covenants on current metrics:
Total
40.04
34.96
29.02
Debt(1)
Source:
Notes:
•
•
-
Net Debt to EBITDA of 0.10x (1)
Interest Coverage of 14.43x (2)
The debt-equity ratio is at a comfortable level with room for future
borrowing as needed.
The weighted average cost of capital (WACC) is 16.2%.
5,68
2018
10,60
6,81
2019
2020
Leverage Evolution
Net Debt/EBITDA (1)
(x)
Finance Costs
Net Finance Cost (2)
(FRw bn)
Covenant < 2.5x
0,22x
Interest
Coverage(2)
0,21x
16.7x
9.0x
14.4x
5.57
5,16
2018
2019
0,10x
2020
1,79
2018
2019
Company information
Based on current reporting standards. (1) Net Debt/ EBITDA based on Net Debt as at end of the financial year divided by EBITDA. Net Debt defined as Total Debt less Cash. (2) Interest Coverage defined as EBITDA divided by Net Finance Cost.
46
46
2020
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