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 ratio1.2x
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.


Balance Sheet


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