Ikeja Hotel Balance Sheet Health
Financial Health criteria checks 5/6
Ikeja Hotel has a total shareholder equity of NGN25.2B and total debt of NGN12.1B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are NGN67.0B and NGN41.7B respectively. Ikeja Hotel's EBIT is NGN3.9B making its interest coverage ratio 16.8. It has cash and short-term investments of NGN21.3B.
Key information
47.8%
Debt to equity ratio
₦12.07b
Debt
| Interest coverage ratio | 16.8x |
| Cash | ₦21.25b |
| Equity | ₦25.23b |
| Total liabilities | ₦41.75b |
| Total assets | ₦66.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IKEJAHOTEL's short term assets (NGN44.0B) exceed its short term liabilities (NGN26.5B).
Long Term Liabilities: IKEJAHOTEL's short term assets (NGN44.0B) exceed its long term liabilities (NGN15.3B).
Debt to Equity History and Analysis
Debt Level: IKEJAHOTEL has more cash than its total debt.
Reducing Debt: IKEJAHOTEL's debt to equity ratio has increased from 0% to 47.8% over the past 5 years.
Debt Coverage: IKEJAHOTEL's debt is well covered by operating cash flow (64.2%).
Interest Coverage: IKEJAHOTEL's interest payments on its debt are well covered by EBIT (16.8x coverage).