Unilever Nigeria Balance Sheet Health
Financial Health criteria checks 4/6
Unilever Nigeria has a total shareholder equity of NGN81.2B and total debt of NGN4.5B, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are NGN134.2B and NGN53.0B respectively. Unilever Nigeria's EBIT is NGN18.8B making its interest coverage ratio 102.2. It has cash and short-term investments of NGN53.3B.
Key information
5.5%
Debt to equity ratio
₦4.51b
Debt
| Interest coverage ratio | 102.2x |
| Cash | ₦53.32b |
| Equity | ₦81.21b |
| Total liabilities | ₦53.02b |
| Total assets | ₦134.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UNILEVER's short term assets (NGN113.1B) exceed its short term liabilities (NGN44.6B).
Long Term Liabilities: UNILEVER's short term assets (NGN113.1B) exceed its long term liabilities (NGN8.5B).
Debt to Equity History and Analysis
Debt Level: UNILEVER has more cash than its total debt.
Reducing Debt: UNILEVER's debt to equity ratio has increased from 0.01% to 5.5% over the past 5 years.
Debt Coverage: UNILEVER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UNILEVER's interest payments on its debt are well covered by EBIT (102.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:29 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Unilever Nigeria Plc is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adedayo Ayeni | Absa Bank Limited |
| null null | African Alliance |
| Adriana Benedetti | African Alliance |