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 ratio | 565x |
| 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.