Coronation Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Coronation Insurance has a total shareholder equity of NGN36.1B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN74.3B and NGN38.2B respectively.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | n/a |
| Cash | ₦17.33b |
| Equity | ₦36.13b |
| Total liabilities | ₦38.21b |
| Total assets | ₦74.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAPIC's short term assets (NGN28.7B) exceed its short term liabilities (NGN12.3B).
Long Term Liabilities: WAPIC's short term assets (NGN28.7B) exceed its long term liabilities (NGN25.9B).
Debt to Equity History and Analysis
Debt Level: WAPIC is debt free.
Reducing Debt: WAPIC has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.
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.