Veritas Kapital Assurance Balance Sheet Health
Financial Health criteria checks 6/6
Veritas Kapital Assurance has a total shareholder equity of NGN19.2B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN41.6B and NGN22.3B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦10.29b |
| Equity | ₦19.24b |
| Total liabilities | ₦22.34b |
| Total assets | ₦41.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VERITASKAP's short term assets (NGN24.5B) exceed its short term liabilities (NGN20.6B).
Long Term Liabilities: VERITASKAP's short term assets (NGN24.5B) exceed its long term liabilities (NGN1.8B).
Debt to Equity History and Analysis
Debt Level: VERITASKAP is debt free.
Reducing Debt: VERITASKAP has not had any debt for past 5 years.
Debt Coverage: VERITASKAP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VERITASKAP has no debt, therefore coverage of interest payments is not a concern.