LASACO Assurance Balance Sheet Health
Financial Health criteria checks 6/6
LASACO Assurance has a total shareholder equity of NGN15.1B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN33.1B and NGN18.0B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦16.26b |
| Equity | ₦15.10b |
| Total liabilities | ₦17.96b |
| Total assets | ₦33.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASACO's short term assets (NGN21.0B) exceed its short term liabilities (NGN7.1B).
Long Term Liabilities: LASACO's short term assets (NGN21.0B) exceed its long term liabilities (NGN10.8B).
Debt to Equity History and Analysis
Debt Level: LASACO is debt free.
Reducing Debt: LASACO has not had any debt for past 5 years.
Debt Coverage: LASACO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LASACO has no debt, therefore coverage of interest payments is not a concern.