Nigerian Breweries Balance Sheet Health
Financial Health criteria checks 0/6
Nigerian Breweries has a total shareholder equity of NGN-85.3B and total debt of NGN652.1B, which brings its debt-to-equity ratio to -764.5%. Its total assets and total liabilities are NGN992.0B and NGN1,077.3B respectively. Nigerian Breweries's EBIT is NGN43.6B making its interest coverage ratio 0.5. It has cash and short-term investments of NGN35.0B.
Key information
-764.5%
Debt to equity ratio
₦652.10b
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₦35.04b |
| Equity | -₦85.30b |
| Total liabilities | ₦1.08t |
| Total assets | ₦991.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NB has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NB has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 (0.5x coverage).