Nascon Allied Industries Balance Sheet Health
Financial Health criteria checks 6/6
Nascon Allied Industries has a total shareholder equity of NGN36.4B and total debt of NGN3.3B, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are NGN111.4B and NGN74.9B respectively. Nascon Allied Industries's EBIT is NGN19.5B making its interest coverage ratio 183.5. It has cash and short-term investments of NGN28.3B.
Key information
9.2%
Debt to equity ratio
₦3.35b
Debt
| Interest coverage ratio | 183.5x |
| Cash | ₦28.33b |
| Equity | ₦36.43b |
| Total liabilities | ₦74.93b |
| Total assets | ₦111.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NASCON's short term assets (NGN94.7B) exceed its short term liabilities (NGN68.7B).
Long Term Liabilities: NASCON's short term assets (NGN94.7B) exceed its long term liabilities (NGN6.2B).
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 reduced from 21.2% to 9.2% over the past 5 years.
Debt Coverage: NASCON's debt is well covered by operating cash flow (419.8%).
Interest Coverage: NASCON's interest payments on its debt are well covered by EBIT (183.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 11:00 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nascon Allied Industries Plc is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jennifer Chiwetelu | Cordros Capital Ltd. |
| null null | FSDH Merchant Bank Limited |
| null null | Meristem Securities Limited |