Daar Communications Balance Sheet Health
Financial Health criteria checks 4/6
Daar Communications has a total shareholder equity of NGN1.5B and total debt of NGN193.6M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are NGN12.4B and NGN10.9B respectively.
Key information
12.8%
Debt to equity ratio
₦193.60m
Debt
Interest coverage ratio | n/a |
Cash | ₦143.66m |
Equity | ₦1.51b |
Total liabilities | ₦10.86b |
Total assets | ₦12.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAARCOMM's short term assets (NGN3.4B) do not cover its short term liabilities (NGN10.0B).
Long Term Liabilities: DAARCOMM's short term assets (NGN3.4B) exceed its long term liabilities (NGN857.3M).
Debt to Equity History and Analysis
Debt Level: DAARCOMM's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: DAARCOMM's debt to equity ratio has increased from 11.9% to 12.8% 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: Whilst unprofitable DAARCOMM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DAARCOMM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.7% per year.