Conoil Balance Sheet Health
Financial Health criteria checks 3/6
Conoil has a total shareholder equity of NGN32.9B and total debt of NGN32.0B, which brings its debt-to-equity ratio to 97.3%. Its total assets and total liabilities are NGN108.0B and NGN75.1B respectively. Conoil's EBIT is NGN14.0B making its interest coverage ratio 7.2. It has cash and short-term investments of NGN10.6B.
Key information
97.3%
Debt to equity ratio
₦32.00b
Debt
| Interest coverage ratio | 7.2x |
| Cash | ₦10.58b |
| Equity | ₦32.90b |
| Total liabilities | ₦75.08b |
| Total assets | ₦107.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CONOIL's short term assets (NGN104.4B) exceed its short term liabilities (NGN74.3B).
Long Term Liabilities: CONOIL's short term assets (NGN104.4B) exceed its long term liabilities (NGN763.1M).
Debt to Equity History and Analysis
Debt Level: CONOIL's net debt to equity ratio (65.1%) is considered high.
Reducing Debt: CONOIL's debt to equity ratio has increased from 26% to 97.3% over the past 5 years.
Debt Coverage: CONOIL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CONOIL's interest payments on its debt are well covered by EBIT (7.2x coverage).