Dangote Cement Balance Sheet Health
Financial Health criteria checks 4/6
Dangote Cement has a total shareholder equity of NGN2,261.5B and total debt of NGN1,259.2B, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are NGN5,129.6B and NGN2,868.2B respectively. Dangote Cement's EBIT is NGN828.6B making its interest coverage ratio 5.4. It has cash and short-term investments of NGN625.2B.
Key information
55.7%
Debt to equity ratio
₦1.26t
Debt
Interest coverage ratio | 5.4x |
Cash | ₦625.19b |
Equity | ₦2.26t |
Total liabilities | ₦2.87t |
Total assets | ₦5.13t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DANGCEM's short term assets (NGN1,930.1B) do not cover its short term liabilities (NGN2,153.8B).
Long Term Liabilities: DANGCEM's short term assets (NGN1,930.1B) exceed its long term liabilities (NGN714.4B).
Debt to Equity History and Analysis
Debt Level: DANGCEM's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: DANGCEM's debt to equity ratio has increased from 22.8% to 55.7% over the past 5 years.
Debt Coverage: DANGCEM's debt is well covered by operating cash flow (69.7%).
Interest Coverage: DANGCEM's interest payments on its debt are well covered by EBIT (5.4x coverage).