Industrial and Medical Gases Nigeria Balance Sheet Health
Financial Health criteria checks 5/6
Industrial and Medical Gases Nigeria has a total shareholder equity of NGN5.5B and total debt of NGN5.5B, which brings its debt-to-equity ratio to 100.5%. Its total assets and total liabilities are NGN15.0B and NGN9.5B respectively. Industrial and Medical Gases Nigeria's EBIT is NGN959.2M making its interest coverage ratio -33.2. It has cash and short-term investments of NGN5.5B.
Key information
100.5%
Debt to equity ratio
₦5.53b
Debt
| Interest coverage ratio | -33.2x |
| Cash | ₦5.50b |
| Equity | ₦5.50b |
| Total liabilities | ₦9.49b |
| Total assets | ₦14.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IMG's short term assets (NGN8.5B) exceed its short term liabilities (NGN3.4B).
Long Term Liabilities: IMG's short term assets (NGN8.5B) exceed its long term liabilities (NGN6.1B).
Debt to Equity History and Analysis
Debt Level: IMG's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: IMG's debt to equity ratio has increased from 0% to 100.5% over the past 5 years.
Debt Coverage: IMG's debt is well covered by operating cash flow (55.4%).
Interest Coverage: IMG earns more interest than it pays, so coverage of interest payments is not a concern.