Mutual Benefits Assurance Balance Sheet Health
Financial Health criteria checks 6/6
Mutual Benefits Assurance has a total shareholder equity of NGN32.2B and total debt of NGN400.9M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are NGN115.0B and NGN82.8B respectively. Mutual Benefits Assurance's EBIT is NGN5.1B making its interest coverage ratio 34.3. It has cash and short-term investments of NGN71.8B.
Key information
1.2%
Debt to equity ratio
₦400.87m
Debt
| Interest coverage ratio | 34.3x |
| Cash | ₦71.85b |
| Equity | ₦32.17b |
| Total liabilities | ₦82.79b |
| Total assets | ₦114.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MBENEFIT's short term assets (NGN87.6B) exceed its short term liabilities (NGN60.0B).
Long Term Liabilities: MBENEFIT's short term assets (NGN87.6B) exceed its long term liabilities (NGN22.8B).
Debt to Equity History and Analysis
Debt Level: MBENEFIT has more cash than its total debt.
Reducing Debt: MBENEFIT's debt to equity ratio has reduced from 73.2% to 1.2% over the past 5 years.
Debt Coverage: MBENEFIT's debt is well covered by operating cash flow (1259.6%).
Interest Coverage: MBENEFIT's interest payments on its debt are well covered by EBIT (34.3x coverage).