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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 13:17 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mutual Benefits Assurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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