Vitafoam Nigeria Balance Sheet Health
Financial Health criteria checks 5/6
Vitafoam Nigeria has a total shareholder equity of NGN24.6B and total debt of NGN14.0B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are NGN50.6B and NGN26.0B respectively. Vitafoam Nigeria's EBIT is NGN7.2B making its interest coverage ratio 1.3. It has cash and short-term investments of NGN8.8B.
Key information
57.0%
Debt to equity ratio
₦13.99b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₦8.77b |
| Equity | ₦24.55b |
| Total liabilities | ₦26.03b |
| Total assets | ₦50.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VITAFOAM's short term assets (NGN34.8B) exceed its short term liabilities (NGN21.3B).
Long Term Liabilities: VITAFOAM's short term assets (NGN34.8B) exceed its long term liabilities (NGN4.7B).
Debt to Equity History and Analysis
Debt Level: VITAFOAM's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: VITAFOAM's debt to equity ratio has reduced from 57.5% to 57% over the past 5 years.
Debt Coverage: VITAFOAM's debt is well covered by operating cash flow (32.2%).
Interest Coverage: VITAFOAM's interest payments on its debt are not well covered by EBIT (1.3x coverage).