May & Baker Nigeria Financial Health

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 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).

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