Cornerstone Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Cornerstone Insurance has a total shareholder equity of NGN58.8B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN115.4B and NGN56.7B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦48.96b |
| Equity | ₦58.78b |
| Total liabilities | ₦56.65b |
| Total assets | ₦115.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CORNERST's short term assets (NGN66.7B) exceed its short term liabilities (NGN8.8B).
Long Term Liabilities: CORNERST's short term assets (NGN66.7B) exceed its long term liabilities (NGN47.9B).
Debt to Equity History and Analysis
Debt Level: CORNERST is debt free.
Reducing Debt: CORNERST has not had any debt for past 5 years.
Debt Coverage: CORNERST has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CORNERST has no debt, therefore coverage of interest payments is not a concern.