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Ardova Balance Sheet Health
Financial Health criteria checks 1/6
Ardova has a total shareholder equity of NGN12.8B and total debt of NGN59.5B, which brings its debt-to-equity ratio to 466.4%. Its total assets and total liabilities are NGN139.9B and NGN127.1B respectively.
Key information
466.4%
Debt to equity ratio
₦59.53b
Debt
Interest coverage ratio | n/a |
Cash | ₦2.07b |
Equity | ₦12.76b |
Total liabilities | ₦127.14b |
Total assets | ₦139.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARDOVA's short term assets (NGN77.7B) do not cover its short term liabilities (NGN78.0B).
Long Term Liabilities: ARDOVA's short term assets (NGN77.7B) exceed its long term liabilities (NGN49.2B).
Debt to Equity History and Analysis
Debt Level: ARDOVA's net debt to equity ratio (450.2%) is considered high.
Reducing Debt: ARDOVA's debt to equity ratio has increased from 80% to 466.4% over the past 5 years.
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: Insufficient data to determine if ARDOVA has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ARDOVA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.