UPDC Balance Sheet Health
Financial Health criteria checks 6/6
UPDC has a total shareholder equity of NGN9.1B and total debt of NGN3.7B, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are NGN21.8B and NGN12.7B respectively. UPDC's EBIT is NGN897.3M making its interest coverage ratio -10.8. It has cash and short-term investments of NGN5.5B.
Key information
40.2%
Debt to equity ratio
₦3.65b
Debt
| Interest coverage ratio | -10.8x |
| Cash | ₦5.54b |
| Equity | ₦9.08b |
| Total liabilities | ₦12.68b |
| Total assets | ₦21.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UPDC's short term assets (NGN12.6B) exceed its short term liabilities (NGN9.1B).
Long Term Liabilities: UPDC's short term assets (NGN12.6B) exceed its long term liabilities (NGN3.6B).
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 125.5% to 40.2% over the past 5 years.
Debt Coverage: UPDC's debt is well covered by operating cash flow (55.6%).
Interest Coverage: UPDC earns more interest than it pays, so coverage of interest payments is not a concern.