Caverton Offshore Support Group Balance Sheet Health
Financial Health criteria checks 2/6
Caverton Offshore Support Group has a total shareholder equity of NGN13.0B and total debt of NGN36.1B, which brings its debt-to-equity ratio to 278.3%. Its total assets and total liabilities are NGN74.2B and NGN61.2B respectively. Caverton Offshore Support Group's EBIT is NGN2.8B making its interest coverage ratio 1.1. It has cash and short-term investments of NGN1.4B.
Key information
278.3%
Debt to equity ratio
₦36.06b
Debt
Interest coverage ratio | 1.1x |
Cash | ₦1.42b |
Equity | ₦12.96b |
Total liabilities | ₦61.20b |
Total assets | ₦74.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAVERTON's short term assets (NGN37.3B) exceed its short term liabilities (NGN26.9B).
Long Term Liabilities: CAVERTON's short term assets (NGN37.3B) exceed its long term liabilities (NGN34.3B).
Debt to Equity History and Analysis
Debt Level: CAVERTON's net debt to equity ratio (267.3%) is considered high.
Reducing Debt: CAVERTON's debt to equity ratio has increased from 75% to 278.3% over the past 5 years.
Debt Coverage: CAVERTON's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: CAVERTON's interest payments on its debt are not well covered by EBIT (1.1x coverage).