Industrial and Medical Gases Nigeria Plc

NGSE:IMG Stock Report

Market Cap: ₦6.9b

Industrial and Medical Gases Nigeria Balance Sheet Health

Financial Health criteria checks 6/6

Industrial and Medical Gases Nigeria has a total shareholder equity of NGN4.3B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN7.5B and NGN3.2B respectively. Industrial and Medical Gases Nigeria's EBIT is NGN851.6M making its interest coverage ratio 35.3. It has cash and short-term investments of NGN2.3B.

Key information

0%

Debt to equity ratio

₦0

Debt

Interest coverage ratio35.3x
Cash₦2.27b
Equity₦4.25b
Total liabilities₦3.23b
Total assets₦7.48b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: IMG's short term assets (NGN4.6B) exceed its short term liabilities (NGN2.8B).

Long Term Liabilities: IMG's short term assets (NGN4.6B) exceed its long term liabilities (NGN392.2M).


Debt to Equity History and Analysis

Debt Level: IMG is debt free.

Reducing Debt: IMG had no debt 5 years ago.

Debt Coverage: IMG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IMG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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