Dangote Sugar Refinery Plc

NGSE:DANGSUGAR Stock Report

Market Cap: ₦570.9b

Dangote Sugar Refinery Balance Sheet Health

Financial Health criteria checks 1/6

Dangote Sugar Refinery has a total shareholder equity of NGN10.3B and total debt of NGN481.7B, which brings its debt-to-equity ratio to 4698.7%. Its total assets and total liabilities are NGN617.8B and NGN607.6B respectively. Dangote Sugar Refinery's EBIT is NGN72.0B making its interest coverage ratio 2. It has cash and short-term investments of NGN138.2B.

Key information

4,698.7%

Debt to equity ratio

₦481.73b

Debt

Interest coverage ratio2x
Cash₦138.20b
Equity₦10.25b
Total liabilities₦607.60b
Total assets₦617.85b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: DANGSUGAR's short term assets (NGN377.3B) do not cover its short term liabilities (NGN607.3B).

Long Term Liabilities: DANGSUGAR's short term assets (NGN377.3B) exceed its long term liabilities (NGN305.7M).


Debt to Equity History and Analysis

Debt Level: DANGSUGAR's net debt to equity ratio (3350.7%) is considered high.

Reducing Debt: DANGSUGAR's debt to equity ratio has increased from 1.3% to 4698.7% over the past 5 years.

Debt Coverage: DANGSUGAR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: DANGSUGAR's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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