Meyer Balance Sheet Health
Financial Health criteria checks 6/6
Meyer has a total shareholder equity of NGN1.8B and total debt of NGN1.8M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are NGN2.7B and NGN963.9M respectively. Meyer's EBIT is NGN303.0M making its interest coverage ratio -1.4. It has cash and short-term investments of NGN1.5B.
Key information
0.1%
Debt to equity ratio
₦1.81m
Debt
| Interest coverage ratio | -1.4x |
| Cash | ₦1.49b |
| Equity | ₦1.76b |
| Total liabilities | ₦963.87m |
| Total assets | ₦2.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEYER's short term assets (NGN2.4B) exceed its short term liabilities (NGN934.4M).
Long Term Liabilities: MEYER's short term assets (NGN2.4B) exceed its long term liabilities (NGN29.4M).
Debt to Equity History and Analysis
Debt Level: MEYER has more cash than its total debt.
Reducing Debt: MEYER's debt to equity ratio has reduced from 1.8% to 0.1% over the past 5 years.
Debt Coverage: MEYER's debt is well covered by operating cash flow (2239.2%).
Interest Coverage: MEYER earns more interest than it pays, so coverage of interest payments is not a concern.