Cutix Balance Sheet Health
Financial Health criteria checks 3/6
Cutix has a total shareholder equity of NGN3.9B and total debt of NGN2.2B, which brings its debt-to-equity ratio to 55.6%. Its total assets and total liabilities are NGN7.1B and NGN3.2B respectively. Cutix's EBIT is NGN1.4B making its interest coverage ratio 5. It has cash and short-term investments of NGN313.2M.
Key information
55.6%
Debt to equity ratio
₦2.15b
Debt
| Interest coverage ratio | 5x |
| Cash | ₦313.17m |
| Equity | ₦3.87b |
| Total liabilities | ₦3.20b |
| Total assets | ₦7.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CUTIX's short term assets (NGN5.8B) exceed its short term liabilities (NGN2.5B).
Long Term Liabilities: CUTIX's short term assets (NGN5.8B) exceed its long term liabilities (NGN712.9M).
Debt to Equity History and Analysis
Debt Level: CUTIX's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: CUTIX's debt to equity ratio has increased from 27.4% to 55.6% over the past 5 years.
Debt Coverage: CUTIX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CUTIX's interest payments on its debt are well covered by EBIT (5x coverage).