Academy Press Balance Sheet Health
Financial Health criteria checks 5/6
Academy Press has a total shareholder equity of NGN660.5M and total debt of NGN845.4M, which brings its debt-to-equity ratio to 128%. Its total assets and total liabilities are NGN2.8B and NGN2.2B respectively. Academy Press's EBIT is NGN739.0M making its interest coverage ratio 5.3. It has cash and short-term investments of NGN201.7M.
Key information
128.0%
Debt to equity ratio
₦845.36m
Debt
| Interest coverage ratio | 5.3x |
| Cash | ₦201.66m |
| Equity | ₦660.52m |
| Total liabilities | ₦2.18b |
| Total assets | ₦2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACADEMY's short term assets (NGN1.7B) exceed its short term liabilities (NGN1.1B).
Long Term Liabilities: ACADEMY's short term assets (NGN1.7B) exceed its long term liabilities (NGN1.1B).
Debt to Equity History and Analysis
Debt Level: ACADEMY's net debt to equity ratio (97.5%) is considered high.
Reducing Debt: ACADEMY's debt to equity ratio has reduced from 144.1% to 128% over the past 5 years.
Debt Coverage: ACADEMY's debt is well covered by operating cash flow (38.5%).
Interest Coverage: ACADEMY's interest payments on its debt are well covered by EBIT (5.3x coverage).