SIC Insurance has a total shareholder equity of GHS478.5M and total debt of GHS14.6M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are GHS899.8M and GHS421.3M respectively. SIC Insurance's EBIT is GHS23.7M making its interest coverage ratio 9.6. It has cash and short-term investments of GHS269.2M.
Key information
3.1%
Debt to equity ratio
GH₵14.65m
Debt
Interest coverage ratio
9.6x
Cash
GH₵269.21m
Equity
GH₵478.48m
Total liabilities
GH₵421.35m
Total assets
GH₵899.83m
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIC's short term assets (GHS419.0M) exceed its short term liabilities (GHS332.0M).
Long Term Liabilities: SIC's short term assets (GHS419.0M) exceed its long term liabilities (GHS89.4M).
Debt to Equity History and Analysis
Debt Level: SIC has more cash than its total debt.
Reducing Debt: SIC's debt to equity ratio has reduced from 10.6% to 3.1% over the past 5 years.
Debt Coverage: SIC's debt is well covered by operating cash flow (655.2%).
Interest Coverage: SIC's interest payments on its debt are well covered by EBIT (9.6x coverage).