International Energy Insurance Balance Sheet Health
Financial Health criteria checks 1/6
International Energy Insurance has a total shareholder equity of NGN-10.4B and total debt of NGN14.1B, which brings its debt-to-equity ratio to -135.8%. Its total assets and total liabilities are NGN18.0B and NGN28.4B respectively. International Energy Insurance's EBIT is NGN1.9B making its interest coverage ratio 260.1. It has cash and short-term investments of NGN4.3B.
Key information
-135.8%
Debt to equity ratio
₦14.09b
Debt
| Interest coverage ratio | 260.1x |
| Cash | ₦4.34b |
| Equity | -₦10.38b |
| Total liabilities | ₦28.36b |
| Total assets | ₦17.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INTENEGINS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: INTENEGINS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: INTENEGINS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: INTENEGINS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: INTENEGINS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: INTENEGINS's interest payments on its debt are well covered by EBIT (260.1x coverage).