FTN Cocoa Processors Balance Sheet Health
Financial Health criteria checks 3/6
FTN Cocoa Processors has a total shareholder equity of NGN3.3B and total debt of NGN9.4B, which brings its debt-to-equity ratio to 286.1%. Its total assets and total liabilities are NGN13.2B and NGN10.0B respectively.
Key information
286.1%
Debt to equity ratio
₦9.39b
Debt
Interest coverage ratio | n/a |
Cash | ₦874.83m |
Equity | ₦3.28b |
Total liabilities | ₦9.97b |
Total assets | ₦13.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTNCOCOA's short term assets (NGN1.3B) do not cover its short term liabilities (NGN2.3B).
Long Term Liabilities: FTNCOCOA's short term assets (NGN1.3B) do not cover its long term liabilities (NGN7.7B).
Debt to Equity History and Analysis
Debt Level: FTNCOCOA's net debt to equity ratio (259.5%) is considered high.
Reducing Debt: FTNCOCOA's debt to equity ratio has reduced from 10386% to 286.1% 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: Whilst unprofitable FTNCOCOA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FTNCOCOA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1% per year.