UAC of Nigeria Balance Sheet Health
Financial Health criteria checks 3/6
UAC of Nigeria has a total shareholder equity of NGN59.1B and total debt of NGN31.3B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are NGN130.1B and NGN71.0B respectively. UAC of Nigeria's EBIT is NGN6.2B making its interest coverage ratio 2.6. It has cash and short-term investments of NGN27.5B.
Key information
52.9%
Debt to equity ratio
₦31.30b
Debt
Interest coverage ratio | 2.6x |
Cash | ₦27.48b |
Equity | ₦59.12b |
Total liabilities | ₦71.00b |
Total assets | ₦130.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UACN's short term assets (NGN79.5B) exceed its short term liabilities (NGN63.2B).
Long Term Liabilities: UACN's short term assets (NGN79.5B) exceed its long term liabilities (NGN7.8B).
Debt to Equity History and Analysis
Debt Level: UACN's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: UACN's debt to equity ratio has increased from 32.7% to 52.9% over the past 5 years.
Debt Coverage: UACN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UACN's interest payments on its debt are not well covered by EBIT (2.6x coverage).