MTN Nigeria Communications Balance Sheet Health
Financial Health criteria checks 1/6
MTN Nigeria Communications has a total shareholder equity of NGN-573.6B and total debt of NGN767.0B, which brings its debt-to-equity ratio to -133.7%. Its total assets and total liabilities are NGN4,026.8B and NGN4,600.3B respectively. MTN Nigeria Communications's EBIT is NGN649.2B making its interest coverage ratio 1.9. It has cash and short-term investments of NGN214.5B.
Key information
-133.7%
Debt to equity ratio
₦767.01b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₦214.47b |
| Equity | -₦573.56b |
| Total liabilities | ₦4.60t |
| Total assets | ₦4.03t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTNN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MTNN 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: MTNN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MTNN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MTNN's debt is well covered by operating cash flow (137.7%).
Interest Coverage: MTNN's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 21:55 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MTN Nigeria Communications PLC is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Linet Muriungi | Absa Bank Limited |
| null null | ARM Research |
| Opeoluwa Oluwa | Cordros Capital Ltd. |