May & Baker Nigeria Financial Health
How is May & Baker Nigeria's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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).