May & Baker Nigeria plc

NGSE:MAYBAKER Stock Report

Mkt Cap: ₦7.7b

May & Baker Nigeria Financial Health

How is May & Baker Nigeria's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAYBAKER's short term assets (NGN13.0B) exceed its short term liabilities (NGN6.5B).

Long Term Liabilities: MAYBAKER's short term assets (NGN13.0B) exceed its long term liabilities (NGN3.8B).


Debt to Equity History and Analysis

Debt Level: MAYBAKER's net debt to equity ratio (47.9%) is considered high.

Reducing Debt: MAYBAKER's debt to equity ratio has increased from 81.3% to 90.8% over the past 5 years.

Debt Coverage: MAYBAKER's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MAYBAKER's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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