Presco Balance Sheet Health
Financial Health criteria checks 4/6
Presco has a total shareholder equity of NGN81.2B and total debt of NGN66.2B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are NGN204.4B and NGN123.2B respectively. Presco's EBIT is NGN69.0B making its interest coverage ratio 7.8. It has cash and short-term investments of NGN9.5B.
Key information
81.5%
Debt to equity ratio
₦66.19b
Debt
Interest coverage ratio | 7.8x |
Cash | ₦9.49b |
Equity | ₦81.22b |
Total liabilities | ₦123.23b |
Total assets | ₦204.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRESCO's short term assets (NGN94.3B) exceed its short term liabilities (NGN48.4B).
Long Term Liabilities: PRESCO's short term assets (NGN94.3B) exceed its long term liabilities (NGN74.8B).
Debt to Equity History and Analysis
Debt Level: PRESCO's net debt to equity ratio (69.8%) is considered high.
Reducing Debt: PRESCO's debt to equity ratio has increased from 68.3% to 81.5% over the past 5 years.
Debt Coverage: PRESCO's debt is well covered by operating cash flow (45.8%).
Interest Coverage: PRESCO's interest payments on its debt are well covered by EBIT (7.8x coverage).