BUA Cement Balance Sheet Health
Financial Health criteria checks 3/6
BUA Cement has a total shareholder equity of NGN385.2B and total debt of NGN583.4B, which brings its debt-to-equity ratio to 151.4%. Its total assets and total liabilities are NGN1,215.7B and NGN830.5B respectively. BUA Cement's EBIT is NGN143.2B making its interest coverage ratio 27.5. It has cash and short-term investments of NGN225.1B.
Key information
151.4%
Debt to equity ratio
₦583.40b
Debt
Interest coverage ratio | 27.5x |
Cash | ₦225.08b |
Equity | ₦385.22b |
Total liabilities | ₦830.46b |
Total assets | ₦1.22t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUACEMENT's short term assets (NGN399.2B) exceed its short term liabilities (NGN377.0B).
Long Term Liabilities: BUACEMENT's short term assets (NGN399.2B) do not cover its long term liabilities (NGN453.4B).
Debt to Equity History and Analysis
Debt Level: BUACEMENT's net debt to equity ratio (93%) is considered high.
Reducing Debt: BUACEMENT's debt to equity ratio has increased from 1.3% to 151.4% over the past 5 years.
Debt Coverage: BUACEMENT's debt is well covered by operating cash flow (25.3%).
Interest Coverage: BUACEMENT's interest payments on its debt are well covered by EBIT (27.5x coverage).