Secure Electronic Technology Plc

NGSE:NSLTECH Stock Report

Market Cap: ₦3.7b

Secure Electronic Technology Balance Sheet Health

Financial Health criteria checks 3/6

Secure Electronic Technology has a total shareholder equity of NGN2.4B and total debt of NGN310.7M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are NGN3.3B and NGN926.4M respectively.

Key information

13.2%

Debt to equity ratio

₦310.65m

Debt

Interest coverage ration/a
Cash₦65.86m
Equity₦2.36b
Total liabilities₦926.37m
Total assets₦3.28b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NSLTECH's short term assets (NGN234.0M) do not cover its short term liabilities (NGN615.7M).

Long Term Liabilities: NSLTECH's short term assets (NGN234.0M) do not cover its long term liabilities (NGN310.7M).


Debt to Equity History and Analysis

Debt Level: NSLTECH's net debt to equity ratio (10.4%) is considered satisfactory.

Reducing Debt: NSLTECH's debt to equity ratio has increased from 0% to 13.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NSLTECH has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NSLTECH has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 27.3% each year


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