NEM Insurance Balance Sheet Health
Financial Health criteria checks 5/6
NEM Insurance has a total shareholder equity of NGN49.2B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN101.9B and NGN52.6B respectively. NEM Insurance's EBIT is NGN14.9B making its interest coverage ratio 894.8. It has cash and short-term investments of NGN4.5B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 894.8x |
| Cash | ₦4.52b |
| Equity | ₦49.23b |
| Total liabilities | ₦52.63b |
| Total assets | ₦101.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEM's short term assets (NGN30.1B) do not cover its short term liabilities (NGN47.4B).
Long Term Liabilities: NEM's short term assets (NGN30.1B) exceed its long term liabilities (NGN5.3B).
Debt to Equity History and Analysis
Debt Level: NEM is debt free.
Reducing Debt: NEM currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.