Morison Industries Balance Sheet Health
Financial Health criteria checks 1/6
Morison Industries has a total shareholder equity of NGN869.9M and total debt of NGN154.1M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are NGN1.5B and NGN667.2M respectively.
Key information
17.7%
Debt to equity ratio
₦154.12m
Debt
| Interest coverage ratio | n/a |
| Cash | ₦17.29m |
| Equity | ₦869.89m |
| Total liabilities | ₦667.23m |
| Total assets | ₦1.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MORISON's short term assets (NGN100.8M) do not cover its short term liabilities (NGN465.9M).
Long Term Liabilities: MORISON's short term assets (NGN100.8M) do not cover its long term liabilities (NGN201.4M).
Debt to Equity History and Analysis
Debt Level: MORISON's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: MORISON's debt to equity ratio has increased from 0% to 17.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MORISON has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MORISON has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.9% each year.