SIC Insurance Balance Sheet Health
Financial Health criteria checks 5/6
SIC Insurance has a total shareholder equity of GHS391.7M and total debt of GHS10.5M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are GHS808.2M and GHS416.5M respectively.
Key information
2.7%
Debt to equity ratio
GH₵10.47m
Debt
Interest coverage ratio | n/a |
Cash | GH₵255.85m |
Equity | GH₵391.67m |
Total liabilities | GH₵416.54m |
Total assets | GH₵808.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIC's short term assets (GHS425.3M) exceed its short term liabilities (GHS349.3M).
Long Term Liabilities: SIC's short term assets (GHS425.3M) exceed its long term liabilities (GHS67.2M).
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 73.9% to 2.7% over the past 5 years.
Debt Coverage: SIC's debt is well covered by operating cash flow (709%).
Interest Coverage: Insufficient data to determine if SIC's interest payments on its debt are well covered by EBIT.