VFD Group Balance Sheet Health
Financial Health criteria checks 2/6
VFD Group has a total shareholder equity of NGN52.8B and total debt of NGN111.6B, which brings its debt-to-equity ratio to 211.6%. Its total assets and total liabilities are NGN295.9B and NGN243.1B respectively.
Key information
211.6%
Debt to equity ratio
₦111.63b
Debt
| Interest coverage ratio | n/a |
| Cash | ₦26.22b |
| Equity | ₦52.76b |
| Total liabilities | ₦243.10b |
| Total assets | ₦295.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VFDGROUP's short term assets (NGN139.6B) exceed its short term liabilities (NGN110.8B).
Long Term Liabilities: VFDGROUP's short term assets (NGN139.6B) exceed its long term liabilities (NGN132.3B).
Debt to Equity History and Analysis
Debt Level: VFDGROUP's net debt to equity ratio (161.9%) is considered high.
Reducing Debt: Insufficient data to determine if VFDGROUP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VFDGROUP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if VFDGROUP's interest payments on its debt are well covered by EBIT.