MRS Oil Nigeria Balance Sheet Health
Financial Health criteria checks 6/6
MRS Oil Nigeria has a total shareholder equity of NGN24.6B and total debt of NGN1.4B, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are NGN54.1B and NGN29.5B respectively. MRS Oil Nigeria's EBIT is NGN10.2B making its interest coverage ratio -318. It has cash and short-term investments of NGN11.0B.
Key information
5.7%
Debt to equity ratio
₦1.41b
Debt
Interest coverage ratio | -318x |
Cash | ₦11.02b |
Equity | ₦24.60b |
Total liabilities | ₦29.53b |
Total assets | ₦54.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRS's short term assets (NGN31.6B) exceed its short term liabilities (NGN28.7B).
Long Term Liabilities: MRS's short term assets (NGN31.6B) exceed its long term liabilities (NGN826.9M).
Debt to Equity History and Analysis
Debt Level: MRS has more cash than its total debt.
Reducing Debt: MRS's debt to equity ratio has reduced from 60.8% to 5.7% over the past 5 years.
Debt Coverage: MRS's debt is well covered by operating cash flow (820.2%).
Interest Coverage: MRS earns more interest than it pays, so coverage of interest payments is not a concern.