Livestock Feeds Balance Sheet Health
Financial Health criteria checks 2/6
Livestock Feeds has a total shareholder equity of NGN2.9B and total debt of NGN4.2B, which brings its debt-to-equity ratio to 145.4%. Its total assets and total liabilities are NGN14.2B and NGN11.3B respectively. Livestock Feeds's EBIT is NGN3.5B making its interest coverage ratio 2.2. It has cash and short-term investments of NGN1.5B.
Key information
145.4%
Debt to equity ratio
₦4.17b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₦1.49b |
| Equity | ₦2.87b |
| Total liabilities | ₦11.30b |
| Total assets | ₦14.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIVESTOCK's short term assets (NGN12.6B) exceed its short term liabilities (NGN11.3B).
Long Term Liabilities: LIVESTOCK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LIVESTOCK's net debt to equity ratio (93.2%) is considered high.
Reducing Debt: LIVESTOCK's debt to equity ratio has increased from 67.9% to 145.4% over the past 5 years.
Debt Coverage: LIVESTOCK's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: LIVESTOCK's interest payments on its debt are not well covered by EBIT (2.2x coverage).