Tripple Gee Balance Sheet Health
Financial Health criteria checks 1/6
Tripple Gee has a total shareholder equity of NGN1.0B and total debt of NGN3.2B, which brings its debt-to-equity ratio to 317.5%. Its total assets and total liabilities are NGN5.6B and NGN4.6B respectively.
Key information
317.5%
Debt to equity ratio
₦3.18b
Debt
| Interest coverage ratio | n/a |
| Cash | ₦4.47m |
| Equity | ₦1.00b |
| Total liabilities | ₦4.58b |
| Total assets | ₦5.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRIPPLEG's short term assets (NGN1.7B) do not cover its short term liabilities (NGN1.8B).
Long Term Liabilities: TRIPPLEG's short term assets (NGN1.7B) do not cover its long term liabilities (NGN2.8B).
Debt to Equity History and Analysis
Debt Level: TRIPPLEG's net debt to equity ratio (317.1%) is considered high.
Reducing Debt: TRIPPLEG's debt to equity ratio has increased from 21.3% to 317.5% over the past 5 years.
Debt Coverage: TRIPPLEG's debt is well covered by operating cash flow (54.3%).
Interest Coverage: Insufficient data to determine if TRIPPLEG's interest payments on its debt are well covered by EBIT.