Nascon Allied Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nascon Allied Industries has a total shareholder equity of NGN32.3B and total debt of NGN4.2B, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are NGN84.8B and NGN52.5B respectively. Nascon Allied Industries's EBIT is NGN21.2B making its interest coverage ratio 71. It has cash and short-term investments of NGN13.0B.
Key information
13.1%
Debt to equity ratio
₦4.24b
Debt
| Interest coverage ratio | 71x |
| Cash | ₦12.96b |
| Equity | ₦32.32b |
| Total liabilities | ₦52.47b |
| Total assets | ₦84.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NASCON's short term assets (NGN67.7B) exceed its short term liabilities (NGN46.2B).
Long Term Liabilities: NASCON's short term assets (NGN67.7B) exceed its long term liabilities (NGN6.3B).
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 10.1% to 13.1% over the past 5 years.
Debt Coverage: NASCON's debt is well covered by operating cash flow (67%).
Interest Coverage: NASCON's interest payments on its debt are well covered by EBIT (71x coverage).