Chellarams Balance Sheet Health
Financial Health criteria checks 1/6
Chellarams has a total shareholder equity of NGN627.2M and total debt of NGN7.5B, which brings its debt-to-equity ratio to 1201.8%. Its total assets and total liabilities are NGN14.6B and NGN14.0B respectively. Chellarams's EBIT is NGN6.1B making its interest coverage ratio 9.3. It has cash and short-term investments of NGN567.2M.
Key information
1,201.8%
Debt to equity ratio
₦7.54b
Debt
Interest coverage ratio | 9.3x |
Cash | ₦567.16m |
Equity | ₦627.20m |
Total liabilities | ₦13.96b |
Total assets | ₦14.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHELLARAM's short term assets (NGN5.5B) do not cover its short term liabilities (NGN6.8B).
Long Term Liabilities: CHELLARAM's short term assets (NGN5.5B) do not cover its long term liabilities (NGN7.1B).
Debt to Equity History and Analysis
Debt Level: CHELLARAM's net debt to equity ratio (1111.4%) is considered high.
Reducing Debt: CHELLARAM's debt to equity ratio has increased from 294.3% to 1201.8% over the past 5 years.
Debt Coverage: CHELLARAM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CHELLARAM's interest payments on its debt are well covered by EBIT (9.3x coverage).