Sunu Assurances Nigeria Balance Sheet Health
Financial Health criteria checks 6/6
Sunu Assurances Nigeria has a total shareholder equity of NGN10.4B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN17.6B and NGN7.2B respectively. Sunu Assurances Nigeria's EBIT is NGN902.5M making its interest coverage ratio 493.7. It has cash and short-term investments of NGN8.3B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 493.7x |
| Cash | ₦8.33b |
| Equity | ₦10.45b |
| Total liabilities | ₦7.19b |
| Total assets | ₦17.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNUASSUR's short term assets (NGN12.0B) exceed its short term liabilities (NGN6.6B).
Long Term Liabilities: SUNUASSUR's short term assets (NGN12.0B) exceed its long term liabilities (NGN600.5M).
Debt to Equity History and Analysis
Debt Level: SUNUASSUR is debt free.
Reducing Debt: SUNUASSUR has no debt compared to 5 years ago when its debt to equity ratio was 66.8%.
Debt Coverage: SUNUASSUR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SUNUASSUR has no debt, therefore coverage of interest payments is not a concern.