TotalEnergies Marketing Nigeria Balance Sheet Health
Financial Health criteria checks 6/6
TotalEnergies Marketing Nigeria has a total shareholder equity of NGN75.0B and total debt of NGN101.5B, which brings its debt-to-equity ratio to 135.3%. Its total assets and total liabilities are NGN530.9B and NGN455.9B respectively. TotalEnergies Marketing Nigeria's EBIT is NGN50.7B making its interest coverage ratio 3.6. It has cash and short-term investments of NGN99.6B.
Key information
135.3%
Debt to equity ratio
₦101.51b
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₦99.61b |
| Equity | ₦75.01b |
| Total liabilities | ₦455.90b |
| Total assets | ₦530.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOTAL's short term assets (NGN469.1B) exceed its short term liabilities (NGN444.6B).
Long Term Liabilities: TOTAL's short term assets (NGN469.1B) exceed its long term liabilities (NGN11.3B).
Debt to Equity History and Analysis
Debt Level: TOTAL's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: TOTAL's debt to equity ratio has reduced from 208.7% to 135.3% over the past 5 years.
Debt Coverage: TOTAL's debt is well covered by operating cash flow (60.3%).
Interest Coverage: TOTAL's interest payments on its debt are well covered by EBIT (3.6x coverage).