UAC of Nigeria Balance Sheet Health
Financial Health criteria checks 5/6
UAC of Nigeria has a total shareholder equity of NGN64.1B and total debt of NGN26.3B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are NGN138.7B and NGN74.5B respectively. UAC of Nigeria's EBIT is NGN13.8B making its interest coverage ratio 5.3. It has cash and short-term investments of NGN36.0B.
Key information
41.0%
Debt to equity ratio
₦26.30b
Debt
| Interest coverage ratio | 5.3x |
| Cash | ₦35.95b |
| Equity | ₦64.13b |
| Total liabilities | ₦74.53b |
| Total assets | ₦138.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UACN's short term assets (NGN87.6B) exceed its short term liabilities (NGN65.4B).
Long Term Liabilities: UACN's short term assets (NGN87.6B) exceed its long term liabilities (NGN9.1B).
Debt to Equity History and Analysis
Debt Level: UACN has more cash than its total debt.
Reducing Debt: UACN's debt to equity ratio has increased from 8.4% to 41% over the past 5 years.
Debt Coverage: UACN's debt is well covered by operating cash flow (24.7%).
Interest Coverage: UACN's interest payments on its debt are well covered by EBIT (5.3x coverage).