May & Baker Nigeria Balance Sheet Health
Financial Health criteria checks 4/6
May & Baker Nigeria has a total shareholder equity of NGN8.8B and total debt of NGN6.7B, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are NGN20.4B and NGN11.6B respectively. May & Baker Nigeria's EBIT is NGN1.3B making its interest coverage ratio 22.3. It has cash and short-term investments of NGN3.4B.
Key information
76.4%
Debt to equity ratio
₦6.71b
Debt
Interest coverage ratio | 22.3x |
Cash | ₦3.38b |
Equity | ₦8.79b |
Total liabilities | ₦11.59b |
Total assets | ₦20.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAYBAKER's short term assets (NGN13.8B) exceed its short term liabilities (NGN8.8B).
Long Term Liabilities: MAYBAKER's short term assets (NGN13.8B) exceed its long term liabilities (NGN2.8B).
Debt to Equity History and Analysis
Debt Level: MAYBAKER's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: MAYBAKER's debt to equity ratio has increased from 41.5% to 76.4% over the past 5 years.
Debt Coverage: MAYBAKER's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: MAYBAKER's interest payments on its debt are well covered by EBIT (22.3x coverage).