Daar Communications Balance Sheet Health
Financial Health criteria checks 5/6
Daar Communications has a total shareholder equity of NGN16.0B and total debt of NGN110.7M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are NGN27.4B and NGN11.5B respectively.
Key information
0.7%
Debt to equity ratio
₦110.68m
Debt
| Interest coverage ratio | n/a |
| Cash | ₦290.06m |
| Equity | ₦15.95b |
| Total liabilities | ₦11.46b |
| Total assets | ₦27.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAARCOMM's short term assets (NGN3.3B) do not cover its short term liabilities (NGN10.5B).
Long Term Liabilities: DAARCOMM's short term assets (NGN3.3B) exceed its long term liabilities (NGN909.7M).
Debt to Equity History and Analysis
Debt Level: DAARCOMM has more cash than its total debt.
Reducing Debt: DAARCOMM's debt to equity ratio has reduced from 16.1% to 0.7% 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 12.6% per year.