Ellah Lakes Balance Sheet Health
Financial Health criteria checks 4/6
Ellah Lakes has a total shareholder equity of NGN21.3B and total debt of NGN1.2B, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are NGN23.7B and NGN2.4B respectively.
Key information
5.8%
Debt to equity ratio
₦1.24b
Debt
| Interest coverage ratio | n/a |
| Cash | ₦248.28m |
| Equity | ₦21.33b |
| Total liabilities | ₦2.38b |
| Total assets | ₦23.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELLAHLAKES's short term assets (NGN279.8M) do not cover its short term liabilities (NGN1.8B).
Long Term Liabilities: ELLAHLAKES's short term assets (NGN279.8M) do not cover its long term liabilities (NGN603.7M).
Debt to Equity History and Analysis
Debt Level: ELLAHLAKES's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: ELLAHLAKES's debt to equity ratio has reduced from 21.3% to 5.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ELLAHLAKES has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELLAHLAKES is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.6% per year.