Prestige Assurance Plc

NGSE:PRESTIGE Stock Report

Market Cap: ₦10.3b

Prestige Assurance Balance Sheet Health

Financial Health criteria checks 5/6

Prestige Assurance has a total shareholder equity of NGN18.1B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN37.2B and NGN19.1B respectively. Prestige Assurance's EBIT is NGN1.1B making its interest coverage ratio 565. It has cash and short-term investments of NGN2.2B.

Key information

0%

Debt to equity ratio

₦0

Debt

Interest coverage ratio565x
Cash₦2.18b
Equity₦18.09b
Total liabilities₦19.10b
Total assets₦37.19b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PRESTIGE's short term assets (NGN14.5B) do not cover its short term liabilities (NGN18.2B).

Long Term Liabilities: PRESTIGE's short term assets (NGN14.5B) exceed its long term liabilities (NGN917.5M).


Debt to Equity History and Analysis

Debt Level: PRESTIGE is debt free.

Reducing Debt: PRESTIGE had no debt 5 years ago.

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.


Balance Sheet


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