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).