Beta Glass Balance Sheet Health
Financial Health criteria checks 4/6
Beta Glass has a total shareholder equity of NGN53.4B and total debt of NGN38.1B, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are NGN128.2B and NGN74.8B respectively. Beta Glass's EBIT is NGN7.4B making its interest coverage ratio 5.1. It has cash and short-term investments of NGN21.3B.
Key information
71.2%
Debt to equity ratio
₦38.08b
Debt
Interest coverage ratio | 5.1x |
Cash | ₦21.28b |
Equity | ₦53.44b |
Total liabilities | ₦74.79b |
Total assets | ₦128.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BETAGLAS's short term assets (NGN93.5B) exceed its short term liabilities (NGN71.0B).
Long Term Liabilities: BETAGLAS's short term assets (NGN93.5B) exceed its long term liabilities (NGN3.8B).
Debt to Equity History and Analysis
Debt Level: BETAGLAS's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: BETAGLAS's debt to equity ratio has increased from 2.4% to 71.2% over the past 5 years.
Debt Coverage: BETAGLAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BETAGLAS's interest payments on its debt are well covered by EBIT (5.1x coverage).