The Tourist Company of Nigeria Plc

NGSE:TOURIST Stock Report

Market Cap: ₦5.6b

Tourist Company of Nigeria Balance Sheet Health

Financial Health criteria checks 2/6

Tourist Company of Nigeria has a total shareholder equity of NGN-7.8B and total debt of NGN61.5B, which brings its debt-to-equity ratio to -790%. Its total assets and total liabilities are NGN56.3B and NGN64.1B respectively.

Key information

-790.0%

Debt to equity ratio

₦61.48b

Debt

Interest coverage ration/a
Cash₦1.05b
Equity-₦7.78b
Total liabilities₦64.13b
Total assets₦56.35b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TOURIST has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TOURIST has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TOURIST has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TOURIST's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: TOURIST has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TOURIST has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 20.9% each year


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