Sunu Assurances Nigeria Balance Sheet Health
Financial Health criteria checks 6/6
Sunu Assurances Nigeria has a total shareholder equity of NGN14.5B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN25.7B and NGN11.2B respectively. Sunu Assurances Nigeria's EBIT is NGN2.6B making its interest coverage ratio 442.4. It has cash and short-term investments of NGN13.5B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 442.4x |
| Cash | ₦13.47b |
| Equity | ₦14.49b |
| Total liabilities | ₦11.18b |
| Total assets | ₦25.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNUASSUR's short term assets (NGN18.6B) exceed its short term liabilities (NGN7.2B).
Long Term Liabilities: SUNUASSUR's short term assets (NGN18.6B) exceed its long term liabilities (NGN4.0B).
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 77.1%.
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.