Multiverse Mining and Exploration Balance Sheet Health
Financial Health criteria checks 2/6
Multiverse Mining and Exploration has a total shareholder equity of NGN801.9M and total debt of NGN2.4B, which brings its debt-to-equity ratio to 298.7%. Its total assets and total liabilities are NGN4.2B and NGN3.4B respectively. Multiverse Mining and Exploration's EBIT is NGN393.5M making its interest coverage ratio 4.2. It has cash and short-term investments of NGN4.0M.
Key information
298.7%
Debt to equity ratio
₦2.40b
Debt
Interest coverage ratio | 4.2x |
Cash | ₦4.04m |
Equity | ₦801.86m |
Total liabilities | ₦3.43b |
Total assets | ₦4.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MULTIVERSE's short term assets (NGN68.5M) do not cover its short term liabilities (NGN2.1B).
Long Term Liabilities: MULTIVERSE's short term assets (NGN68.5M) do not cover its long term liabilities (NGN1.3B).
Debt to Equity History and Analysis
Debt Level: MULTIVERSE's net debt to equity ratio (298.2%) is considered high.
Reducing Debt: MULTIVERSE's debt to equity ratio has reduced from 352.5% to 298.7% over the past 5 years.
Debt Coverage: MULTIVERSE's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: MULTIVERSE's interest payments on its debt are well covered by EBIT (4.2x coverage).