Vitafoam Nigeria Balance Sheet Health
Financial Health criteria checks 6/6
Vitafoam Nigeria has a total shareholder equity of NGN19.0B and total debt of NGN21.5B, which brings its debt-to-equity ratio to 112.7%. Its total assets and total liabilities are NGN50.2B and NGN31.2B respectively. Vitafoam Nigeria's EBIT is NGN7.1B making its interest coverage ratio 5.1. It has cash and short-term investments of NGN26.6B.
Key information
112.7%
Debt to equity ratio
₦21.45b
Debt
| Interest coverage ratio | 5.1x |
| Cash | ₦26.64b |
| Equity | ₦19.04b |
| Total liabilities | ₦31.20b |
| Total assets | ₦50.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VITAFOAM's short term assets (NGN42.8B) exceed its short term liabilities (NGN29.8B).
Long Term Liabilities: VITAFOAM's short term assets (NGN42.8B) exceed its long term liabilities (NGN1.4B).
Debt to Equity History and Analysis
Debt Level: VITAFOAM has more cash than its total debt.
Reducing Debt: VITAFOAM's debt to equity ratio has reduced from 145.5% to 112.7% over the past 5 years.
Debt Coverage: VITAFOAM's debt is well covered by operating cash flow (27.5%).
Interest Coverage: VITAFOAM's interest payments on its debt are well covered by EBIT (5.1x coverage).