Okomu Oil Palm Balance Sheet Health
Financial Health criteria checks 4/6
Okomu Oil Palm has a total shareholder equity of NGN38.9B and total debt of NGN9.4B, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are NGN95.1B and NGN56.2B respectively. Okomu Oil Palm's EBIT is NGN29.8B making its interest coverage ratio 8.1. It has cash and short-term investments of NGN8.5B.
Key information
24.2%
Debt to equity ratio
₦9.39b
Debt
Interest coverage ratio | 8.1x |
Cash | ₦8.45b |
Equity | ₦38.87b |
Total liabilities | ₦56.23b |
Total assets | ₦95.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OKOMUOIL's short term assets (NGN25.1B) exceed its short term liabilities (NGN23.1B).
Long Term Liabilities: OKOMUOIL's short term assets (NGN25.1B) do not cover its long term liabilities (NGN33.1B).
Debt to Equity History and Analysis
Debt Level: OKOMUOIL's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: OKOMUOIL's debt to equity ratio has increased from 9.6% to 24.2% over the past 5 years.
Debt Coverage: OKOMUOIL's debt is well covered by operating cash flow (289.5%).
Interest Coverage: OKOMUOIL's interest payments on its debt are well covered by EBIT (8.1x coverage).