Sovereign Trust Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Sovereign Trust Insurance has a total shareholder equity of NGN12.8B and total debt of NGN3.6B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are NGN22.4B and NGN9.6B respectively. Sovereign Trust Insurance's EBIT is NGN1.2B making its interest coverage ratio 21.9. It has cash and short-term investments of NGN13.3B.
Key information
28.4%
Debt to equity ratio
₦3.63b
Debt
Interest coverage ratio | 21.9x |
Cash | ₦13.31b |
Equity | ₦12.77b |
Total liabilities | ₦9.59b |
Total assets | ₦22.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOVRENINS's short term assets (NGN18.1B) exceed its short term liabilities (NGN9.5B).
Long Term Liabilities: SOVRENINS's short term assets (NGN18.1B) exceed its long term liabilities (NGN116.1M).
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 22.4% to 28.4% over the past 5 years.
Debt Coverage: SOVRENINS's debt is well covered by operating cash flow (34.4%).
Interest Coverage: SOVRENINS's interest payments on its debt are well covered by EBIT (21.9x coverage).