Guinea Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Guinea Insurance has a total shareholder equity of NGN4.0B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN6.1B and NGN2.0B respectively. Guinea Insurance's EBIT is NGN288.2M making its interest coverage ratio 67.8. It has cash and short-term investments of NGN3.4B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 67.8x |
| Cash | ₦3.38b |
| Equity | ₦4.05b |
| Total liabilities | ₦2.03b |
| Total assets | ₦6.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GUINEAINS's short term assets (NGN4.3B) exceed its short term liabilities (NGN1.9B).
Long Term Liabilities: GUINEAINS's short term assets (NGN4.3B) exceed its long term liabilities (NGN108.0M).
Debt to Equity History and Analysis
Debt Level: GUINEAINS is debt free.
Reducing Debt: GUINEAINS has not had any debt for past 5 years.
Debt Coverage: GUINEAINS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GUINEAINS has no debt, therefore coverage of interest payments is not a concern.