AIICO Insurance Balance Sheet Health
Financial Health criteria checks 5/6
AIICO Insurance has a total shareholder equity of NGN47.8B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN317.4B and NGN269.6B respectively. AIICO Insurance's EBIT is NGN30.2B making its interest coverage ratio 1.2. It has cash and short-term investments of NGN161.0B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₦161.04b |
| Equity | ₦47.79b |
| Total liabilities | ₦269.61b |
| Total assets | ₦317.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIICO's short term assets (NGN184.3B) exceed its short term liabilities (NGN48.5B).
Long Term Liabilities: AIICO's short term assets (NGN184.3B) do not cover its long term liabilities (NGN221.1B).
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 15.2%.
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.