R.T Briscoe (Nigeria) Balance Sheet Health
Financial Health criteria checks 1/6
R.T Briscoe (Nigeria) has a total shareholder equity of NGN-8.9B and total debt of NGN12.5B, which brings its debt-to-equity ratio to -141.2%. Its total assets and total liabilities are NGN9.6B and NGN18.4B respectively. R.T Briscoe (Nigeria)'s EBIT is NGN258.8M making its interest coverage ratio 0.2. It has cash and short-term investments of NGN609.1M.
Key information
-141.2%
Debt to equity ratio
₦12.55b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ₦609.10m |
| Equity | -₦8.88b |
| Total liabilities | ₦18.44b |
| Total assets | ₦9.55b |
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.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RTBRISCOE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RTBRISCOE has less than a year of cash runway if free cash flow continues to grow at historical rates of 39.5% each year.