Aradel Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Aradel Holdings has a total shareholder equity of NGN1,354.5B and total debt of NGN78.0B, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are NGN1,748.1B and NGN393.7B respectively. Aradel Holdings's EBIT is NGN255.6B making its interest coverage ratio -59.7. It has cash and short-term investments of NGN479.2B.

Key information

5.8%

Debt to equity ratio

₦78.01b

Debt

Interest coverage ratio	-59.7x
Cash	₦479.16b
Equity	₦1.35t
Total liabilities	₦393.68b
Total assets	₦1.75t

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ARADEL's short term assets (NGN547.2B) exceed its short term liabilities (NGN146.5B).

Long Term Liabilities: ARADEL's short term assets (NGN547.2B) exceed its long term liabilities (NGN247.2B).

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 11.4% to 5.8% over the past 5 years.

Debt Coverage: ARADEL's debt is well covered by operating cash flow (332.2%).

Interest Coverage: ARADEL earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 08:08
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Aradel Holdings Plc is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ARM Research