Meyer Balance Sheet Health
Financial Health criteria checks 5/6
Meyer has a total shareholder equity of NGN1.7B and total debt of NGN19.8M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are NGN2.6B and NGN855.6M respectively. Meyer's EBIT is NGN157.4M making its interest coverage ratio -1. It has cash and short-term investments of NGN1.5B.
Key information
1.2%
Debt to equity ratio
₦19.83m
Debt
Interest coverage ratio | -1x |
Cash | ₦1.54b |
Equity | ₦1.70b |
Total liabilities | ₦855.58m |
Total assets | ₦2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEYER's short term assets (NGN2.2B) exceed its short term liabilities (NGN820.0M).
Long Term Liabilities: MEYER's short term assets (NGN2.2B) exceed its long term liabilities (NGN35.6M).
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 2.4% to 1.2% over the past 5 years.
Debt Coverage: MEYER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MEYER earns more interest than it pays, so coverage of interest payments is not a concern.