CWG Balance Sheet Health
Financial Health criteria checks 6/6
CWG has a total shareholder equity of NGN2.2B and total debt of NGN2.4B, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are NGN17.8B and NGN15.6B respectively. CWG's EBIT is NGN1.3B making its interest coverage ratio 19.3. It has cash and short-term investments of NGN1.8B.
Key information
107.1%
Debt to equity ratio
₦2.40b
Debt
| Interest coverage ratio | 19.3x |
| Cash | ₦1.79b |
| Equity | ₦2.24b |
| Total liabilities | ₦15.57b |
| Total assets | ₦17.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWG's short term assets (NGN16.7B) exceed its short term liabilities (NGN15.4B).
Long Term Liabilities: CWG's short term assets (NGN16.7B) exceed its long term liabilities (NGN138.0M).
Debt to Equity History and Analysis
Debt Level: CWG's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: CWG's debt to equity ratio has reduced from 419.3% to 107.1% over the past 5 years.
Debt Coverage: CWG's debt is well covered by operating cash flow (45.9%).
Interest Coverage: CWG's interest payments on its debt are well covered by EBIT (19.3x coverage).