SIC Insurance Balance Sheet Health
Financial Health criteria checks 6/6
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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:56 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SIC Insurance PLC is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lawrencia Asante | Databank Brokerage Ltd. |