Neimeth International Pharmaceuticals Financial Health
How is Neimeth International Pharmaceuticals's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NEIMETH's short term assets (NGN3.7B) exceed its short term liabilities (NGN3.6B).
Long Term Liabilities: NEIMETH's short term assets (NGN3.7B) exceed its long term liabilities (NGN2.1B).
Debt to Equity History and Analysis
Debt Level: NEIMETH's net debt to equity ratio (427.4%) is considered high.
Reducing Debt: NEIMETH's debt to equity ratio has increased from 119.2% to 477.4% over the past 5 years.
Debt Coverage: NEIMETH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NEIMETH's interest payments on its debt are well covered by EBIT.