BUA Foods Balance Sheet Health
Financial Health criteria checks 4/6
BUA Foods has a total shareholder equity of NGN364.4B and total debt of NGN325.6B, which brings its debt-to-equity ratio to 89.3%. Its total assets and total liabilities are NGN1,071.1B and NGN706.7B respectively. BUA Foods's EBIT is NGN372.3B making its interest coverage ratio 23.8. It has cash and short-term investments of NGN61.0B.
Key information
89.3%
Debt to equity ratio
₦325.60b
Debt
| Interest coverage ratio | 23.8x |
| Cash | ₦60.97b |
| Equity | ₦364.45b |
| Total liabilities | ₦706.68b |
| Total assets | ₦1.07t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUAFOODS's short term assets (NGN702.3B) exceed its short term liabilities (NGN678.5B).
Long Term Liabilities: BUAFOODS's short term assets (NGN702.3B) exceed its long term liabilities (NGN28.2B).
Debt to Equity History and Analysis
Debt Level: BUAFOODS's net debt to equity ratio (72.6%) is considered high.
Reducing Debt: BUAFOODS's debt to equity ratio has reduced from 108.4% to 89.3% over the past 5 years.
Debt Coverage: BUAFOODS's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: BUAFOODS's interest payments on its debt are well covered by EBIT (23.8x coverage).