Guinness Nigeria Balance Sheet Health
Financial Health criteria checks 4/6
Guinness Nigeria has a total shareholder equity of NGN51.7B and total debt of NGN60.4B, which brings its debt-to-equity ratio to 116.7%. Its total assets and total liabilities are NGN266.1B and NGN214.4B respectively. Guinness Nigeria's EBIT is NGN25.2B making its interest coverage ratio 7.5. It has cash and short-term investments of NGN113.8B.
Key information
116.7%
Debt to equity ratio
₦60.35b
Debt
| Interest coverage ratio | 7.5x |
| Cash | ₦113.83b |
| Equity | ₦51.70b |
| Total liabilities | ₦214.38b |
| Total assets | ₦266.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GUINNESS's short term assets (NGN166.0B) do not cover its short term liabilities (NGN212.5B).
Long Term Liabilities: GUINNESS's short term assets (NGN166.0B) exceed its long term liabilities (NGN1.8B).
Debt to Equity History and Analysis
Debt Level: GUINNESS has more cash than its total debt.
Reducing Debt: GUINNESS's debt to equity ratio has increased from 16.9% to 116.7% over the past 5 years.
Debt Coverage: GUINNESS's debt is well covered by operating cash flow (104.6%).
Interest Coverage: GUINNESS's interest payments on its debt are well covered by EBIT (7.5x coverage).