Dangote Sugar Refinery Balance Sheet Health
Financial Health criteria checks 2/6
Dangote Sugar Refinery has a total shareholder equity of NGN79.2B and total debt of NGN412.3B, which brings its debt-to-equity ratio to 520.2%. Its total assets and total liabilities are NGN600.8B and NGN521.5B respectively. Dangote Sugar Refinery's EBIT is NGN82.4B making its interest coverage ratio 4.4. It has cash and short-term investments of NGN204.8B.
Key information
520.2%
Debt to equity ratio
₦412.27b
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₦204.76b |
| Equity | ₦79.25b |
| Total liabilities | ₦521.54b |
| Total assets | ₦600.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DANGSUGAR's short term assets (NGN400.6B) do not cover its short term liabilities (NGN521.2B).
Long Term Liabilities: DANGSUGAR's short term assets (NGN400.6B) exceed its long term liabilities (NGN330.1M).
Debt to Equity History and Analysis
Debt Level: DANGSUGAR's net debt to equity ratio (261.8%) is considered high.
Reducing Debt: DANGSUGAR's debt to equity ratio has increased from 1.5% to 520.2% over the past 5 years.
Debt Coverage: DANGSUGAR's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: DANGSUGAR's interest payments on its debt are well covered by EBIT (4.4x coverage).