FTN Cocoa Processors Balance Sheet Health
Financial Health criteria checks 0/6
FTN Cocoa Processors has a total shareholder equity of NGN-3.5B and total debt of NGN16.5B, which brings its debt-to-equity ratio to -469%. Its total assets and total liabilities are NGN13.4B and NGN16.9B respectively. FTN Cocoa Processors's EBIT is NGN11.3M making its interest coverage ratio 0. It has cash and short-term investments of NGN352.9M.
Key information
-469.0%
Debt to equity ratio
₦16.47b
Debt
| Interest coverage ratio | 0.04x |
| Cash | ₦352.90m |
| Equity | -₦3.51b |
| Total liabilities | ₦16.92b |
| Total assets | ₦13.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTNCOCOA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FTNCOCOA 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: FTNCOCOA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FTNCOCOA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: FTNCOCOA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FTNCOCOA has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.5% each year.