Nigerian Breweries Balance Sheet Health
Financial Health criteria checks 1/6
Nigerian Breweries has a total shareholder equity of NGN11.4B and total debt of NGN469.6B, which brings its debt-to-equity ratio to 4114.6%. Its total assets and total liabilities are NGN856.8B and NGN845.4B respectively. Nigerian Breweries's EBIT is NGN65.3B making its interest coverage ratio 1.4. It has cash and short-term investments of NGN52.6B.
Key information
4,114.6%
Debt to equity ratio
₦469.64b
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₦52.55b |
| Equity | ₦11.41b |
| Total liabilities | ₦845.38b |
| Total assets | ₦856.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NB's short term assets (NGN275.2B) do not cover its short term liabilities (NGN661.3B).
Long Term Liabilities: NB's short term assets (NGN275.2B) exceed its long term liabilities (NGN184.1B).
Debt to Equity History and Analysis
Debt Level: NB's net debt to equity ratio (3654.2%) is considered high.
Reducing Debt: NB's debt to equity ratio has increased from 25.6% to 4114.6% over the past 5 years.
Debt Coverage: NB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NB's interest payments on its debt are not well covered by EBIT (1.4x coverage).