UPDC Balance Sheet Health
Financial Health criteria checks 6/6
UPDC has a total shareholder equity of NGN8.9B and total debt of NGN4.8B, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are NGN19.7B and NGN10.8B respectively. UPDC's EBIT is NGN479.2M making its interest coverage ratio 3.5. It has cash and short-term investments of NGN4.8B.
Key information
53.7%
Debt to equity ratio
₦4.77b
Debt
Interest coverage ratio | 3.5x |
Cash | ₦4.82b |
Equity | ₦8.89b |
Total liabilities | ₦10.80b |
Total assets | ₦19.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UPDC's short term assets (NGN10.1B) exceed its short term liabilities (NGN6.0B).
Long Term Liabilities: UPDC's short term assets (NGN10.1B) exceed its long term liabilities (NGN4.8B).
Debt to Equity History and Analysis
Debt Level: UPDC has more cash than its total debt.
Reducing Debt: UPDC's debt to equity ratio has reduced from 102.8% to 53.7% over the past 5 years.
Debt Coverage: UPDC's debt is well covered by operating cash flow (46.4%).
Interest Coverage: UPDC's interest payments on its debt are well covered by EBIT (3.5x coverage).