McNichols Balance Sheet Health
Financial Health criteria checks 6/6
McNichols has a total shareholder equity of NGN657.4M and total debt of NGN34.4M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are NGN1.3B and NGN622.2M respectively. McNichols's EBIT is NGN120.1M making its interest coverage ratio -12.9. It has cash and short-term investments of NGN263.6M.
Key information
5.2%
Debt to equity ratio
₦34.38m
Debt
| Interest coverage ratio | -12.9x |
| Cash | ₦263.55m |
| Equity | ₦657.39m |
| Total liabilities | ₦622.20m |
| Total assets | ₦1.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCNICHOLS's short term assets (NGN866.5M) exceed its short term liabilities (NGN481.8M).
Long Term Liabilities: MCNICHOLS's short term assets (NGN866.5M) exceed its long term liabilities (NGN140.4M).
Debt to Equity History and Analysis
Debt Level: MCNICHOLS has more cash than its total debt.
Reducing Debt: MCNICHOLS's debt to equity ratio has reduced from 65.9% to 5.2% over the past 5 years.
Debt Coverage: MCNICHOLS's debt is well covered by operating cash flow (734.1%).
Interest Coverage: MCNICHOLS earns more interest than it pays, so coverage of interest payments is not a concern.