Morison Industries Balance Sheet Health
Financial Health criteria checks 1/6
Morison Industries has a total shareholder equity of NGN829.5M and total debt of NGN168.8M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are NGN1.6B and NGN721.2M respectively.
Key information
20.3%
Debt to equity ratio
₦168.80m
Debt
| Interest coverage ratio | n/a |
| Cash | ₦18.25m |
| Equity | ₦829.48m |
| Total liabilities | ₦721.16m |
| Total assets | ₦1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MORISON's short term assets (NGN138.2M) do not cover its short term liabilities (NGN536.5M).
Long Term Liabilities: MORISON's short term assets (NGN138.2M) do not cover its long term liabilities (NGN184.7M).
Debt to Equity History and Analysis
Debt Level: MORISON's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: MORISON's debt to equity ratio has increased from 0% to 20.3% 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: Insufficient data to determine if MORISON has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MORISON has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.