Aluminium Extrusion Industries Balance Sheet Health
Financial Health criteria checks 4/6
Aluminium Extrusion Industries has a total shareholder equity of NGN2.1B and total debt of NGN124.4M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are NGN3.0B and NGN885.1M respectively.
Key information
5.8%
Debt to equity ratio
₦124.38m
Debt
| Interest coverage ratio | n/a |
| Cash | ₦10.93m |
| Equity | ₦2.15b |
| Total liabilities | ₦885.12m |
| Total assets | ₦3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALEX's short term assets (NGN955.3M) exceed its short term liabilities (NGN729.6M).
Long Term Liabilities: ALEX's short term assets (NGN955.3M) exceed its long term liabilities (NGN155.5M).
Debt to Equity History and Analysis
Debt Level: ALEX's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: ALEX's debt to equity ratio has reduced from 7.5% to 5.8% over the past 5 years.
Debt Coverage: ALEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ALEX's interest payments on its debt are well covered by EBIT.