Universal Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Universal Insurance has a total shareholder equity of NGN11.5B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN15.1B and NGN3.6B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦1.19b |
| Equity | ₦11.49b |
| Total liabilities | ₦3.58b |
| Total assets | ₦15.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UNIVINSURE's short term assets (NGN3.1B) do not cover its short term liabilities (NGN3.3B).
Long Term Liabilities: UNIVINSURE's short term assets (NGN3.1B) exceed its long term liabilities (NGN296.9M).
Debt to Equity History and Analysis
Debt Level: UNIVINSURE is debt free.
Reducing Debt: UNIVINSURE has not had any debt for past 5 years.
Debt Coverage: UNIVINSURE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UNIVINSURE has no debt, therefore coverage of interest payments is not a concern.