Regency Alliance Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Regency Alliance Insurance has a total shareholder equity of NGN8.4B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN13.5B and NGN5.2B respectively. Regency Alliance Insurance's EBIT is NGN422.3M making its interest coverage ratio 47.1. It has cash and short-term investments of NGN2.4B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 47.1x |
| Cash | ₦2.42b |
| Equity | ₦8.36b |
| Total liabilities | ₦5.16b |
| Total assets | ₦13.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REGALINS's short term assets (NGN4.2B) do not cover its short term liabilities (NGN4.7B).
Long Term Liabilities: REGALINS's short term assets (NGN4.2B) exceed its long term liabilities (NGN411.3M).
Debt to Equity History and Analysis
Debt Level: REGALINS is debt free.
Reducing Debt: REGALINS had no debt 5 years ago.
Debt Coverage: REGALINS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: REGALINS has no debt, therefore coverage of interest payments is not a concern.