Aradel Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Aradel Holdings has a total shareholder equity of NGN1,205.4B and total debt of NGN80.5B, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are NGN1,591.6B and NGN386.3B respectively. Aradel Holdings's EBIT is NGN220.6B making its interest coverage ratio -178.1. It has cash and short-term investments of NGN420.4B.
Key information
6.7%
Debt to equity ratio
₦80.54b
Debt
| Interest coverage ratio | -178.1x |
| Cash | ₦420.43b |
| Equity | ₦1.21t |
| Total liabilities | ₦386.28b |
| Total assets | ₦1.59t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARADEL's short term assets (NGN495.8B) exceed its short term liabilities (NGN167.8B).
Long Term Liabilities: ARADEL's short term assets (NGN495.8B) exceed its long term liabilities (NGN218.5B).
Debt to Equity History and Analysis
Debt Level: ARADEL has more cash than its total debt.
Reducing Debt: ARADEL's debt to equity ratio has reduced from 10.2% to 6.7% over the past 5 years.
Debt Coverage: ARADEL's debt is well covered by operating cash flow (316.2%).
Interest Coverage: ARADEL earns more interest than it pays, so coverage of interest payments is not a concern.