Notore Chemical Industries Balance Sheet Health
Financial Health criteria checks 1/6
Notore Chemical Industries has a total shareholder equity of NGN42.8B and total debt of NGN228.6B, which brings its debt-to-equity ratio to 534.2%. Its total assets and total liabilities are NGN352.5B and NGN309.6B respectively.
Key information
534.2%
Debt to equity ratio
₦228.65b
Debt
| Interest coverage ratio | n/a |
| Cash | ₦947.21m |
| Equity | ₦42.81b |
| Total liabilities | ₦309.65b |
| Total assets | ₦352.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOTORE's short term assets (NGN11.4B) do not cover its short term liabilities (NGN141.6B).
Long Term Liabilities: NOTORE's short term assets (NGN11.4B) do not cover its long term liabilities (NGN168.1B).
Debt to Equity History and Analysis
Debt Level: NOTORE's net debt to equity ratio (531.9%) is considered high.
Reducing Debt: NOTORE's debt to equity ratio has increased from 162.4% to 534.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NOTORE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NOTORE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31% each year