UPDC Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 6/6
UPDC Real Estate Investment Trust has a total shareholder equity of NGN30.0B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN31.0B and NGN957.6M respectively. UPDC Real Estate Investment Trust's EBIT is NGN2.1B making its interest coverage ratio 383.8. It has cash and short-term investments of NGN6.1B.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 383.8x |
| Cash | ₦6.14b |
| Equity | ₦30.02b |
| Total liabilities | ₦957.61m |
| Total assets | ₦30.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UPDCREIT's short term assets (NGN6.2B) exceed its short term liabilities (NGN879.2M).
Long Term Liabilities: UPDCREIT's short term assets (NGN6.2B) exceed its long term liabilities (NGN78.4M).
Debt to Equity History and Analysis
Debt Level: UPDCREIT is debt free.
Reducing Debt: UPDCREIT has not had any debt for past 5 years.
Debt Coverage: UPDCREIT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UPDCREIT has no debt, therefore coverage of interest payments is not a concern.