LASACO Assurance Balance Sheet Health
Financial Health criteria checks 6/6
LASACO Assurance has a total shareholder equity of NGN14.1B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN26.9B and NGN12.7B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
Interest coverage ratio | n/a |
Cash | ₦11.32b |
Equity | ₦14.14b |
Total liabilities | ₦12.72b |
Total assets | ₦26.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASACO's short term assets (NGN14.9B) exceed its short term liabilities (NGN8.9B).
Long Term Liabilities: LASACO's short term assets (NGN14.9B) exceed its long term liabilities (NGN3.8B).
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.