MTN Nigeria Communications Balance Sheet Health
Financial Health criteria checks 2/6
MTN Nigeria Communications has a total shareholder equity of NGN-40.8B and total debt of NGN1,177.2B, which brings its debt-to-equity ratio to -2882.1%. Its total assets and total liabilities are NGN3,188.8B and NGN3,229.7B respectively. MTN Nigeria Communications's EBIT is NGN781.2B making its interest coverage ratio 4. It has cash and short-term investments of NGN352.3B.
Key information
-2,882.1%
Debt to equity ratio
₦1.18t
Debt
Interest coverage ratio | 4x |
Cash | ₦352.33b |
Equity | -₦40.84b |
Total liabilities | ₦3.23t |
Total assets | ₦3.19t |
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 (84.7%).
Interest Coverage: MTNN's interest payments on its debt are well covered by EBIT (4x coverage).