Tantalizers Balance Sheet Health
Financial Health criteria checks 3/6
Tantalizers has a total shareholder equity of NGN362.6M and total debt of NGN334.5M, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are NGN2.3B and NGN1.9B respectively.
Key information
92.2%
Debt to equity ratio
₦334.49m
Debt
Interest coverage ratio | n/a |
Cash | ₦63.87m |
Equity | ₦362.63m |
Total liabilities | ₦1.89b |
Total assets | ₦2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TANTALIZER's short term assets (NGN319.1M) do not cover its short term liabilities (NGN1.6B).
Long Term Liabilities: TANTALIZER's short term assets (NGN319.1M) do not cover its long term liabilities (NGN331.8M).
Debt to Equity History and Analysis
Debt Level: TANTALIZER's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: TANTALIZER's debt to equity ratio has reduced from 136.3% to 92.2% 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: Whilst unprofitable TANTALIZER has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TANTALIZER is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 48.5% per year.