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 NGN2.2B, which brings its debt-to-equity ratio to 216.9%. Its total assets and total liabilities are NGN4.3B and NGN3.3B respectively. Multiverse Mining and Exploration's EBIT is NGN432.8M making its interest coverage ratio 5.6. It has cash and short-term investments of NGN32.1M.
Key information
216.9%
Debt to equity ratio
₦2.20b
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 (213.8%) is considered high.
Reducing Debt: MULTIVERSE's debt to equity ratio has reduced from 409.1% to 216.9% over the past 5 years.
Debt Coverage: MULTIVERSE's debt is well covered by operating cash flow (34%).
Interest Coverage: MULTIVERSE's interest payments on its debt are well covered by EBIT (5.6x coverage).