Ellah Lakes Balance Sheet Health
Financial Health criteria checks 1/6
Ellah Lakes has a total shareholder equity of NGN20.9B and total debt of NGN1.7B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are NGN23.6B and NGN2.7B respectively.
Key information
8.1%
Debt to equity ratio
₦1.68b
Debt
Interest coverage ratio | n/a |
Cash | ₦387.28m |
Equity | ₦20.91b |
Total liabilities | ₦2.67b |
Total assets | ₦23.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELLAHLAKES's short term assets (NGN405.6M) do not cover its short term liabilities (NGN1.7B).
Long Term Liabilities: ELLAHLAKES's short term assets (NGN405.6M) do not cover its long term liabilities (NGN948.3M).
Debt to Equity History and Analysis
Debt Level: ELLAHLAKES's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: ELLAHLAKES's debt to equity ratio has increased from 0% to 8.1% 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: ELLAHLAKES has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELLAHLAKES has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.6% each year.