Coronation Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Coronation Insurance has a total shareholder equity of NGN23.4B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN49.5B and NGN26.1B respectively. Coronation Insurance's EBIT is NGN1.7B making its interest coverage ratio 52.1. It has cash and short-term investments of NGN8.1B.
Key information
0%
Debt to equity ratio
₦0
Debt
Interest coverage ratio | 52.1x |
Cash | ₦8.06b |
Equity | ₦23.38b |
Total liabilities | ₦26.12b |
Total assets | ₦49.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAPIC's short term assets (NGN18.0B) do not cover its short term liabilities (NGN23.0B).
Long Term Liabilities: WAPIC's short term assets (NGN18.0B) exceed its long term liabilities (NGN3.1B).
Debt to Equity History and Analysis
Debt Level: WAPIC is debt free.
Reducing Debt: WAPIC had no debt 5 years ago.
Debt Coverage: WAPIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WAPIC has no debt, therefore coverage of interest payments is not a concern.