Dangote Sugar Refinery Balance Sheet Health
Financial Health criteria checks 0/6
Dangote Sugar Refinery has a total shareholder equity of NGN-105.1B and total debt of NGN616.3B, which brings its debt-to-equity ratio to -586.3%. Its total assets and total liabilities are NGN667.6B and NGN772.7B respectively. Dangote Sugar Refinery's EBIT is NGN39.9B making its interest coverage ratio 0.6. It has cash and short-term investments of NGN120.4B.
Key information
-586.3%
Debt to equity ratio
₦616.30b
Debt
| Interest coverage ratio | 0.6x |
| Cash | ₦120.39b |
| Equity | -₦105.11b |
| Total liabilities | ₦772.72b |
| Total assets | ₦667.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DANGSUGAR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: DANGSUGAR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: DANGSUGAR has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: DANGSUGAR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 (0.6x coverage).