AIICO Insurance Balance Sheet Health
Financial Health criteria checks 5/6
AIICO Insurance has a total shareholder equity of NGN64.0B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN399.6B and NGN335.6B respectively. AIICO Insurance's EBIT is NGN27.1B making its interest coverage ratio 1.8. It has cash and short-term investments of NGN207.8B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₦207.82b |
| Equity | ₦63.99b |
| Total liabilities | ₦335.58b |
| Total assets | ₦399.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIICO's short term assets (NGN240.9B) exceed its short term liabilities (NGN65.2B).
Long Term Liabilities: AIICO's short term assets (NGN240.9B) do not cover its long term liabilities (NGN270.4B).
Debt to Equity History and Analysis
Debt Level: AIICO is debt free.
Reducing Debt: AIICO has no debt compared to 5 years ago when its debt to equity ratio was 11.6%.
Debt Coverage: AIICO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AIICO has no debt, therefore coverage of interest payments is not a concern.