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 NGN52.4B.
Key information
5.5%
Debt to equity ratio
₦4.51b
Debt
| Interest coverage ratio | 102.2x |
| Cash | ₦52.38b |
| 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).