ABC Transport Balance Sheet Health
Financial Health criteria checks 2/6
ABC Transport has a total shareholder equity of NGN280.2M and total debt of NGN2.2B, which brings its debt-to-equity ratio to 767.9%. Its total assets and total liabilities are NGN7.0B and NGN6.7B respectively. ABC Transport's EBIT is NGN332.9M making its interest coverage ratio 0.7. It has cash and short-term investments of NGN60.7M.
Key information
767.9%
Debt to equity ratio
₦2.15b
Debt
| Interest coverage ratio | 0.7x |
| Cash | ₦60.68m |
| Equity | ₦280.21m |
| Total liabilities | ₦6.74b |
| Total assets | ₦7.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABCTRANS's short term assets (NGN2.7B) do not cover its short term liabilities (NGN5.5B).
Long Term Liabilities: ABCTRANS's short term assets (NGN2.7B) exceed its long term liabilities (NGN1.2B).
Debt to Equity History and Analysis
Debt Level: ABCTRANS's net debt to equity ratio (746.3%) is considered high.
Reducing Debt: ABCTRANS's debt to equity ratio has increased from 43.7% to 767.9% over the past 5 years.
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: ABCTRANS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ABCTRANS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18% each year