R.T Briscoe (Nigeria) Balance Sheet Health
Financial Health criteria checks 0/6
R.T Briscoe (Nigeria) has a total shareholder equity of NGN-8.5B and total debt of NGN13.5B, which brings its debt-to-equity ratio to -159.6%. Its total assets and total liabilities are NGN10.4B and NGN18.9B respectively. R.T Briscoe (Nigeria)'s EBIT is NGN1.2B making its interest coverage ratio 0.8. It has cash and short-term investments of NGN261.7M.
Key information
-159.6%
Debt to equity ratio
₦13.54b
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₦261.74m |
| Equity | -₦8.49b |
| Total liabilities | ₦18.93b |
| Total assets | ₦10.45b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RTBRISCOE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RTBRISCOE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RTBRISCOE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RTBRISCOE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: RTBRISCOE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RTBRISCOE's interest payments on its debt are not well covered by EBIT (0.8x coverage).