BUA Cement Balance Sheet Health
Financial Health criteria checks 2/6
BUA Cement has a total shareholder equity of NGN469.7B and total debt of NGN581.8B, which brings its debt-to-equity ratio to 123.9%. Its total assets and total liabilities are NGN1,583.1B and NGN1,113.5B respectively. BUA Cement's EBIT is NGN318.4B making its interest coverage ratio 5.9. It has cash and short-term investments of NGN139.0B.
Key information
123.87%
Debt to equity ratio
₦581.81b
Debt
| Interest coverage ratio | 5.9x |
| Cash | ₦138.97b |
| Equity | ₦469.67b |
| Total liabilities | ₦1.11t |
| Total assets | ₦1.58t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUACEMENT's short term assets (NGN433.8B) do not cover its short term liabilities (NGN526.1B).
Long Term Liabilities: BUACEMENT's short term assets (NGN433.8B) do not cover its long term liabilities (NGN587.4B).
Debt to Equity History and Analysis
Debt Level: BUACEMENT's net debt to equity ratio (94.3%) is considered high.
Reducing Debt: BUACEMENT's debt to equity ratio has increased from 7.4% to 123.9% over the past 5 years.
Debt Coverage: BUACEMENT's debt is well covered by operating cash flow (87%).
Interest Coverage: BUACEMENT's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/11 13:21 |
| End of Day Share Price | 2025/07/11 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BUA Cement Plc is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ARM Research |
| Samuel Ojerinde | Cordros Capital Ltd. |
| Ibrahim Adeyemi | Cordros Capital Ltd. |