Aluminium Extrusion Industries Balance Sheet Health
Financial Health criteria checks 4/6
Aluminium Extrusion Industries has a total shareholder equity of NGN2.2B and total debt of NGN157.5M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are NGN2.9B and NGN712.5M respectively.
Key information
7.2%
Debt to equity ratio
₦157.47m
Debt
Interest coverage ratio | n/a |
Cash | ₦28.72m |
Equity | ₦2.19b |
Total liabilities | ₦712.46m |
Total assets | ₦2.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALEX's short term assets (NGN883.2M) exceed its short term liabilities (NGN544.7M).
Long Term Liabilities: ALEX's short term assets (NGN883.2M) exceed its long term liabilities (NGN167.7M).
Debt to Equity History and Analysis
Debt Level: ALEX's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: ALEX's debt to equity ratio has reduced from 9% to 7.2% 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.