Ikeja Hotel Balance Sheet Health
Financial Health criteria checks 6/6
Ikeja Hotel has a total shareholder equity of NGN24.2B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN63.0B and NGN38.8B respectively. Ikeja Hotel's EBIT is NGN3.0B making its interest coverage ratio 4.3. It has cash and short-term investments of NGN17.6B.
Key information
0%
Debt to equity ratio
₦0
Debt
Interest coverage ratio | 4.3x |
Cash | ₦17.59b |
Equity | ₦24.19b |
Total liabilities | ₦38.80b |
Total assets | ₦62.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IKEJAHOTEL's short term assets (NGN40.4B) exceed its short term liabilities (NGN24.1B).
Long Term Liabilities: IKEJAHOTEL's short term assets (NGN40.4B) exceed its long term liabilities (NGN14.7B).
Debt to Equity History and Analysis
Debt Level: IKEJAHOTEL is debt free.
Reducing Debt: IKEJAHOTEL had no debt 5 years ago.
Debt Coverage: IKEJAHOTEL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IKEJAHOTEL has no debt, therefore coverage of interest payments is not a concern.