Prestige Assurance Balance Sheet Health
Financial Health criteria checks 6/6
Prestige Assurance has a total shareholder equity of NGN14.8B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN25.9B and NGN11.2B respectively. Prestige Assurance's EBIT is NGN785.5M making its interest coverage ratio 924.1. It has cash and short-term investments of NGN3.2B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 924.1x |
| Cash | ₦3.23b |
| Equity | ₦14.76b |
| Total liabilities | ₦11.16b |
| Total assets | ₦25.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRESTIGE's short term assets (NGN11.1B) exceed its short term liabilities (NGN10.4B).
Long Term Liabilities: PRESTIGE's short term assets (NGN11.1B) exceed its long term liabilities (NGN765.2M).
Debt to Equity History and Analysis
Debt Level: PRESTIGE is debt free.
Reducing Debt: PRESTIGE has no debt compared to 5 years ago when its debt to equity ratio was 0.03%.
Debt Coverage: PRESTIGE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PRESTIGE has no debt, therefore coverage of interest payments is not a concern.