NEM Insurance Balance Sheet Health
Financial Health criteria checks 5/6
NEM Insurance has a total shareholder equity of NGN44.1B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN75.3B and NGN31.2B respectively. NEM Insurance's EBIT is NGN5.0B making its interest coverage ratio 60.2. It has cash and short-term investments of NGN16.8B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 60.2x |
| Cash | ₦16.78b |
| Equity | ₦44.05b |
| Total liabilities | ₦31.21b |
| Total assets | ₦75.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEM's short term assets (NGN28.1B) do not cover its short term liabilities (NGN30.8B).
Long Term Liabilities: NEM's short term assets (NGN28.1B) exceed its long term liabilities (NGN431.1M).
Debt to Equity History and Analysis
Debt Level: NEM is debt free.
Reducing Debt: NEM had no debt 5 years ago.
Debt Coverage: NEM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NEM has no debt, therefore coverage of interest payments is not a concern.