Eterna Balance Sheet Health
Financial Health criteria checks 3/6
Eterna has a total shareholder equity of NGN3.7B and total debt of NGN42.7B, which brings its debt-to-equity ratio to 1169%. Its total assets and total liabilities are NGN61.8B and NGN58.1B respectively. Eterna's EBIT is NGN24.3B making its interest coverage ratio 4.3. It has cash and short-term investments of NGN6.6B.
Key information
1,169.0%
Debt to equity ratio
₦42.69b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₦6.64b |
| Equity | ₦3.65b |
| Total liabilities | ₦58.13b |
| Total assets | ₦61.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETERNA's short term assets (NGN43.4B) do not cover its short term liabilities (NGN54.8B).
Long Term Liabilities: ETERNA's short term assets (NGN43.4B) exceed its long term liabilities (NGN3.3B).
Debt to Equity History and Analysis
Debt Level: ETERNA's net debt to equity ratio (987.1%) is considered high.
Reducing Debt: ETERNA's debt to equity ratio has increased from 66.7% to 1169% 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: Whilst unprofitable ETERNA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ETERNA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.5% per year.