Conoil Balance Sheet Health
Financial Health criteria checks 6/6
Conoil has a total shareholder equity of NGN44.5B and total debt of NGN12.3B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are NGN96.6B and NGN52.1B respectively. Conoil's EBIT is NGN18.6B making its interest coverage ratio 5.8. It has cash and short-term investments of NGN11.5B.
Key information
27.6%
Debt to equity ratio
₦12.27b
Debt
| Interest coverage ratio | 5.8x |
| Cash | ₦11.46b |
| Equity | ₦44.48b |
| Total liabilities | ₦52.09b |
| Total assets | ₦96.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CONOIL's short term assets (NGN91.8B) exceed its short term liabilities (NGN51.3B).
Long Term Liabilities: CONOIL's short term assets (NGN91.8B) exceed its long term liabilities (NGN761.8M).
Debt to Equity History and Analysis
Debt Level: CONOIL's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: CONOIL's debt to equity ratio has reduced from 64.2% to 27.6% over the past 5 years.
Debt Coverage: CONOIL's debt is well covered by operating cash flow (188.9%).
Interest Coverage: CONOIL's interest payments on its debt are well covered by EBIT (5.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:59 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Conoil Plc is covered by 2 analysts. 0 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 |
|---|---|
| Oyekunle Omotayo-Benson | ARM Research |
| Jude Fejokwu | Thaddeus Investment Advisors and Research Limited |