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 ratio | 2x |
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).