Union Dicon Salt Balance Sheet Health
Financial Health criteria checks 3/6
Union Dicon Salt has a total shareholder equity of NGN-1.3B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN142.9M and NGN1.4B respectively. Union Dicon Salt's EBIT is NGN109.7M making its interest coverage ratio -27.7. It has cash and short-term investments of NGN80.3M.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | -27.7x |
| Cash | ₦80.27m |
| Equity | -₦1.30b |
| Total liabilities | ₦1.45b |
| Total assets | ₦142.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UNIONDICON has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: UNIONDICON has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: UNIONDICON is debt free.
Reducing Debt: UNIONDICON's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: UNIONDICON has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UNIONDICON has no debt, therefore coverage of interest payments is not a concern.