Nascon Allied Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nascon Allied Industries has a total shareholder equity of NGN28.7B and total debt of NGN4.0B, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are NGN84.8B and NGN56.1B respectively. Nascon Allied Industries's EBIT is NGN20.0B making its interest coverage ratio 60.8. It has cash and short-term investments of NGN15.7B.
Key information
13.8%
Debt to equity ratio
₦3.97b
Debt
Interest coverage ratio | 60.8x |
Cash | ₦15.70b |
Equity | ₦28.70b |
Total liabilities | ₦56.10b |
Total assets | ₦84.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NASCON's short term assets (NGN69.1B) exceed its short term liabilities (NGN49.7B).
Long Term Liabilities: NASCON's short term assets (NGN69.1B) exceed its long term liabilities (NGN6.4B).
Debt to Equity History and Analysis
Debt Level: NASCON has more cash than its total debt.
Reducing Debt: NASCON's debt to equity ratio has increased from 0.3% to 13.8% over the past 5 years.
Debt Coverage: NASCON's debt is well covered by operating cash flow (175.6%).
Interest Coverage: NASCON's interest payments on its debt are well covered by EBIT (60.8x coverage).