Eterna Balance Sheet Health
Financial Health criteria checks 2/6
Eterna has a total shareholder equity of NGN3.5B and total debt of NGN43.2B, which brings its debt-to-equity ratio to 1234.5%. Its total assets and total liabilities are NGN59.6B and NGN56.1B respectively. Eterna's EBIT is NGN7.9B making its interest coverage ratio 5.4. It has cash and short-term investments of NGN6.9B.
Key information
1,234.5%
Debt to equity ratio
₦43.23b
Debt
Interest coverage ratio | 5.4x |
Cash | ₦6.90b |
Equity | ₦3.50b |
Total liabilities | ₦56.14b |
Total assets | ₦59.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETERNA's short term assets (NGN42.9B) do not cover its short term liabilities (NGN55.9B).
Long Term Liabilities: ETERNA's short term assets (NGN42.9B) exceed its long term liabilities (NGN211.8M).
Debt to Equity History and Analysis
Debt Level: ETERNA's net debt to equity ratio (1037.6%) is considered high.
Reducing Debt: ETERNA's debt to equity ratio has increased from 109% to 1234.5% over the past 5 years.
Debt Coverage: ETERNA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ETERNA's interest payments on its debt are well covered by EBIT (5.4x coverage).