BUA Foods Balance Sheet Health
Financial Health criteria checks 2/6
BUA Foods has a total shareholder equity of NGN262.1B and total debt of NGN651.7B, which brings its debt-to-equity ratio to 248.7%. Its total assets and total liabilities are NGN1,070.4B and NGN808.4B respectively. BUA Foods's EBIT is NGN214.0B making its interest coverage ratio 13.1. It has cash and short-term investments of NGN100.1B.
Key information
248.7%
Debt to equity ratio
₦651.65b
Debt
Interest coverage ratio | 13.1x |
Cash | ₦100.12b |
Equity | ₦262.06b |
Total liabilities | ₦808.38b |
Total assets | ₦1.07t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUAFOODS's short term assets (NGN712.4B) do not cover its short term liabilities (NGN784.6B).
Long Term Liabilities: BUAFOODS's short term assets (NGN712.4B) exceed its long term liabilities (NGN23.8B).
Debt to Equity History and Analysis
Debt Level: BUAFOODS's net debt to equity ratio (210.5%) is considered high.
Reducing Debt: BUAFOODS's debt to equity ratio has increased from 106.1% to 248.7% over the past 5 years.
Debt Coverage: BUAFOODS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BUAFOODS's interest payments on its debt are well covered by EBIT (13.1x coverage).