Fidson Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
Fidson Healthcare has a total shareholder equity of NGN19.3B and total debt of NGN28.6B, which brings its debt-to-equity ratio to 148%. Its total assets and total liabilities are NGN62.0B and NGN42.7B respectively. Fidson Healthcare's EBIT is NGN9.2B making its interest coverage ratio 4.4. It has cash and short-term investments of NGN10.8B.
Key information
148.0%
Debt to equity ratio
₦28.56b
Debt
Interest coverage ratio | 4.4x |
Cash | ₦10.79b |
Equity | ₦19.29b |
Total liabilities | ₦42.70b |
Total assets | ₦61.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIDSON's short term assets (NGN38.3B) exceed its short term liabilities (NGN32.9B).
Long Term Liabilities: FIDSON's short term assets (NGN38.3B) exceed its long term liabilities (NGN9.8B).
Debt to Equity History and Analysis
Debt Level: FIDSON's net debt to equity ratio (92.1%) is considered high.
Reducing Debt: FIDSON's debt to equity ratio has increased from 104.8% to 148% over the past 5 years.
Debt Coverage: FIDSON's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: FIDSON's interest payments on its debt are well covered by EBIT (4.4x coverage).