Nigerian Enamelware Balance Sheet Health
Financial Health criteria checks 6/6
Nigerian Enamelware has a total shareholder equity of NGN1.7B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN5.6B and NGN3.8B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦442.47m |
| Equity | ₦1.74b |
| Total liabilities | ₦3.83b |
| Total assets | ₦5.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENAMELWA's short term assets (NGN5.2B) exceed its short term liabilities (NGN3.8B).
Long Term Liabilities: ENAMELWA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ENAMELWA is debt free.
Reducing Debt: ENAMELWA has no debt compared to 5 years ago when its debt to equity ratio was 16.3%.
Debt Coverage: ENAMELWA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ENAMELWA has no debt, therefore coverage of interest payments is not a concern.