Presco Balance Sheet Health
Financial Health criteria checks 5/6
Presco has a total shareholder equity of NGN84.6B and total debt of NGN58.3B, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are NGN207.4B and NGN122.7B respectively. Presco's EBIT is NGN92.2B making its interest coverage ratio 8.5. It has cash and short-term investments of NGN11.5B.
Key information
68.9%
Debt to equity ratio
₦58.31b
Debt
| Interest coverage ratio | 8.5x |
| Cash | ₦11.46b |
| Equity | ₦84.63b |
| Total liabilities | ₦122.73b |
| Total assets | ₦207.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRESCO's short term assets (NGN85.8B) exceed its short term liabilities (NGN49.1B).
Long Term Liabilities: PRESCO's short term assets (NGN85.8B) exceed its long term liabilities (NGN73.7B).
Debt to Equity History and Analysis
Debt Level: PRESCO's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: PRESCO's debt to equity ratio has reduced from 94% to 68.9% over the past 5 years.
Debt Coverage: PRESCO's debt is well covered by operating cash flow (114.2%).
Interest Coverage: PRESCO's interest payments on its debt are well covered by EBIT (8.5x coverage).