Multiverse Mining and Exploration Balance Sheet Health
Financial Health criteria checks 3/6
Multiverse Mining and Exploration has a total shareholder equity of NGN1.0B and total debt of NGN2.4B, which brings its debt-to-equity ratio to 237.6%. Its total assets and total liabilities are NGN4.3B and NGN3.3B respectively. Multiverse Mining and Exploration's EBIT is NGN432.5M making its interest coverage ratio 5.6. It has cash and short-term investments of NGN32.1M.
Key information
237.6%
Debt to equity ratio
₦2.41b
Debt
| Interest coverage ratio | 5.6x |
| Cash | ₦32.07m |
| Equity | ₦1.02b |
| Total liabilities | ₦3.27b |
| Total assets | ₦4.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MULTIVERSE's short term assets (NGN174.8M) do not cover its short term liabilities (NGN2.3B).
Long Term Liabilities: MULTIVERSE's short term assets (NGN174.8M) do not cover its long term liabilities (NGN1.0B).
Debt to Equity History and Analysis
Debt Level: MULTIVERSE's net debt to equity ratio (234.5%) is considered high.
Reducing Debt: MULTIVERSE's debt to equity ratio has reduced from 409.1% to 237.6% over the past 5 years.
Debt Coverage: MULTIVERSE's debt is well covered by operating cash flow (31.1%).
Interest Coverage: MULTIVERSE's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:40 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Multiverse Mining and Exploration 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.
| Analyst | Institution |
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