Academy Press Balance Sheet Health
Financial Health criteria checks 1/6
Academy Press has a total shareholder equity of NGN127.8M and total debt of NGN815.1M, which brings its debt-to-equity ratio to 637.6%. Its total assets and total liabilities are NGN2.4B and NGN2.3B respectively. Academy Press's EBIT is NGN64.8M making its interest coverage ratio 0.3. It has cash and short-term investments of NGN50.9M.
Key information
637.6%
Debt to equity ratio
₦815.12m
Debt
Interest coverage ratio | 0.3x |
Cash | ₦50.88m |
Equity | ₦127.84m |
Total liabilities | ₦2.32b |
Total assets | ₦2.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACADEMY's short term assets (NGN1.2B) exceed its short term liabilities (NGN848.9M).
Long Term Liabilities: ACADEMY's short term assets (NGN1.2B) do not cover its long term liabilities (NGN1.5B).
Debt to Equity History and Analysis
Debt Level: ACADEMY's net debt to equity ratio (597.8%) is considered high.
Reducing Debt: ACADEMY's debt to equity ratio has increased from 115.3% to 637.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if ACADEMY has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ACADEMY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.