Unilever Nigeria Balance Sheet Health
Financial Health criteria checks 4/6
Unilever Nigeria has a total shareholder equity of NGN77.9B and total debt of NGN3.9B, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are NGN126.1B and NGN48.2B respectively. Unilever Nigeria's EBIT is NGN19.3B making its interest coverage ratio -476.7. It has cash and short-term investments of NGN39.4B.
Key information
5.1%
Debt to equity ratio
₦3.94b
Debt
Interest coverage ratio | -476.7x |
Cash | ₦39.38b |
Equity | ₦77.87b |
Total liabilities | ₦48.23b |
Total assets | ₦126.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UNILEVER's short term assets (NGN105.9B) exceed its short term liabilities (NGN40.3B).
Long Term Liabilities: UNILEVER's short term assets (NGN105.9B) exceed its long term liabilities (NGN7.9B).
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 5.1% over the past 5 years.
Debt Coverage: UNILEVER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UNILEVER earns more interest than it pays, so coverage of interest payments is not a concern.