Meyer Balance Sheet Health
Financial Health criteria checks 6/6
Meyer has a total shareholder equity of NGN2.3B and total debt of NGN1.8M, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are NGN3.6B and NGN1.3B respectively. Meyer's EBIT is NGN290.2M making its interest coverage ratio -0.8. It has cash and short-term investments of NGN2.4B.
Key information
0.079%
Debt to equity ratio
₦1.81m
Debt
| Interest coverage ratio | -0.8x |
| Cash | ₦2.36b |
| Equity | ₦2.28b |
| Total liabilities | ₦1.30b |
| Total assets | ₦3.59b |
Recent financial health updates
Recent updates
Meyer Plc Reports Strong Q4 FY25 Earnings Growth Driven by Revenue Expansion and Robust Finance Income
Analyst: Qudus Adebara Executive Summary Meyer Plc and its subsidiary delivered a solid performance for the period ended 31 December 2025 , with consolidated revenue rising 35.5% YoY to ₦4.23 billion , driven by higher paint sales and growth in painting services. Gross profit improved to ₦1.51 billion (+45.3% YoY) , reflecting improved cost management and operational efficiency.Meyer Plc – Solid 9M 2025 Performance with Strong Operating Profit
Analyst: Qudus Adebara Executive Summary Meyer Plc reported a robust increase in profitability for the nine months ended September 30, 2025. Revenue grew 43% YoY to ₦2.98 billion , supported by higher sales volumes and improved operational efficiency.Financial Position Analysis
Short Term Liabilities: MEYER's short term assets (NGN3.2B) exceed its short term liabilities (NGN1.3B).
Long Term Liabilities: MEYER's short term assets (NGN3.2B) exceed its long term liabilities (NGN40.4M).
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 2.9% to 0.08% over the past 5 years.
Debt Coverage: MEYER's debt is well covered by operating cash flow (26944.5%).
Interest Coverage: MEYER earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 14:07 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Meyer Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.