Sovereign Trust Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Sovereign Trust Insurance has a total shareholder equity of NGN14.3B and total debt of NGN3.6B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are NGN24.5B and NGN10.2B respectively. Sovereign Trust Insurance's EBIT is NGN1.7B making its interest coverage ratio 1153.2. It has cash and short-term investments of NGN10.2B.
Key information
25.3%
Debt to equity ratio
₦3.63b
Debt
| Interest coverage ratio | 1153.2x |
| Cash | ₦10.19b |
| Equity | ₦14.32b |
| Total liabilities | ₦10.16b |
| Total assets | ₦24.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOVRENINS's short term assets (NGN18.8B) exceed its short term liabilities (NGN10.1B).
Long Term Liabilities: SOVRENINS's short term assets (NGN18.8B) exceed its long term liabilities (NGN71.7M).
Debt to Equity History and Analysis
Debt Level: SOVRENINS has more cash than its total debt.
Reducing Debt: SOVRENINS's debt to equity ratio has increased from 16.2% to 25.3% over the past 5 years.
Debt Coverage: SOVRENINS's debt is well covered by operating cash flow (60.3%).
Interest Coverage: SOVRENINS's interest payments on its debt are well covered by EBIT (1153.2x coverage).