Neimeth International Pharmaceuticals Plc

NGSE:NEIMETH Stock Report

Market Cap: ₦7.9b

Neimeth International Pharmaceuticals Balance Sheet Health

Financial Health criteria checks 3/6

Neimeth International Pharmaceuticals has a total shareholder equity of NGN1.7B and total debt of NGN4.1B, which brings its debt-to-equity ratio to 250.5%. Its total assets and total liabilities are NGN9.1B and NGN7.4B respectively.

Key information

250.5%

Debt to equity ratio

₦4.13b

Debt

Interest coverage ration/a
Cash₦2.12b
Equity₦1.65b
Total liabilities₦7.42b
Total assets₦9.07b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NEIMETH's short term assets (NGN5.4B) do not cover its short term liabilities (NGN5.4B).

Long Term Liabilities: NEIMETH's short term assets (NGN5.4B) exceed its long term liabilities (NGN2.0B).


Debt to Equity History and Analysis

Debt Level: NEIMETH's net debt to equity ratio (121.9%) is considered high.

Reducing Debt: NEIMETH's debt to equity ratio has increased from 94.3% to 250.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEIMETH has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NEIMETH has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 46.6% each year.


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