Africa Prudential Financial Health
Financial Health criteria checks 5/6
Africa Prudential has a total shareholder equity of NGN9.6B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN20.7B and NGN11.1B respectively.
Debt to equity ratio
|Interest coverage ratio||n/a|
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AFRIPRUD's short term assets (NGN3.7B) exceed its short term liabilities (NGN999.3M).
Long Term Liabilities: AFRIPRUD's short term assets (NGN3.7B) do not cover its long term liabilities (NGN10.1B).
Debt to Equity History and Analysis
Debt Level: AFRIPRUD is debt free.
Reducing Debt: AFRIPRUD has no debt compared to 5 years ago when its debt to equity ratio was 76.7%.
Debt Coverage: AFRIPRUD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AFRIPRUD has no debt, therefore coverage of interest payments is not a concern.