C & I Leasing Balance Sheet Health
Financial Health criteria checks 3/6
C & I Leasing has a total shareholder equity of NGN30.3B and total debt of NGN34.7B, which brings its debt-to-equity ratio to 114.5%. Its total assets and total liabilities are NGN79.2B and NGN48.8B respectively. C & I Leasing's EBIT is NGN7.7B making its interest coverage ratio 1.2. It has cash and short-term investments of NGN2.1B.
Key information
114.5%
Debt to equity ratio
₦34.73b
Debt
Interest coverage ratio | 1.2x |
Cash | ₦2.07b |
Equity | ₦30.33b |
Total liabilities | ₦48.84b |
Total assets | ₦79.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CILEASING's short term assets (NGN25.6B) exceed its short term liabilities (NGN18.4B).
Long Term Liabilities: CILEASING's short term assets (NGN25.6B) do not cover its long term liabilities (NGN30.5B).
Debt to Equity History and Analysis
Debt Level: CILEASING's net debt to equity ratio (107.7%) is considered high.
Reducing Debt: CILEASING's debt to equity ratio has reduced from 234.2% to 114.5% over the past 5 years.
Debt Coverage: CILEASING's debt is well covered by operating cash flow (41.8%).
Interest Coverage: CILEASING's interest payments on its debt are not well covered by EBIT (1.2x coverage).