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 ratio | n/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