Sovereign Trust Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Sovereign Trust Insurance has a total shareholder equity of NGN14.2B and total debt of NGN3.6B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are NGN25.2B and NGN11.0B respectively. Sovereign Trust Insurance's EBIT is NGN2.3B making its interest coverage ratio -16. It has cash and short-term investments of NGN7.9B.
Key information
25.6%
Debt to equity ratio
₦3.63b
Debt
| Interest coverage ratio | -16x |
| Cash | ₦7.95b |
| Equity | ₦14.16b |
| Total liabilities | ₦11.04b |
| Total assets | ₦25.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOVRENINS's short term assets (NGN17.9B) exceed its short term liabilities (NGN7.4B).
Long Term Liabilities: SOVRENINS's short term assets (NGN17.9B) exceed its long term liabilities (NGN3.7B).
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 16.5% to 25.6% over the past 5 years.
Debt Coverage: SOVRENINS's debt is well covered by operating cash flow (120.7%).
Interest Coverage: SOVRENINS earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 10:21 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Sovereign Trust Insurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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