Nigerian Aviation Handling Balance Sheet Health
Financial Health criteria checks 5/6
Nigerian Aviation Handling has a total shareholder equity of NGN16.4B and total debt of NGN5.6B, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are NGN39.2B and NGN22.9B respectively. Nigerian Aviation Handling's EBIT is NGN16.9B making its interest coverage ratio 27.3. It has cash and short-term investments of NGN5.8B.
Key information
34.5%
Debt to equity ratio
₦5.65b
Debt
| Interest coverage ratio | 27.3x |
| Cash | ₦5.80b |
| Equity | ₦16.35b |
| Total liabilities | ₦22.88b |
| Total assets | ₦39.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAHCO's short term assets (NGN27.8B) exceed its short term liabilities (NGN20.9B).
Long Term Liabilities: NAHCO's short term assets (NGN27.8B) exceed its long term liabilities (NGN2.0B).
Debt to Equity History and Analysis
Debt Level: NAHCO has more cash than its total debt.
Reducing Debt: NAHCO's debt to equity ratio has increased from 9.5% to 34.5% over the past 5 years.
Debt Coverage: NAHCO's debt is well covered by operating cash flow (133.4%).
Interest Coverage: NAHCO's interest payments on its debt are well covered by EBIT (27.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:41 |
| End of Day Share Price | 2024/12/23 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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Industry and Sector Metrics
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Analyst Sources
Nigerian Aviation Handling Company Plc is covered by 0 analysts. 0 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 |
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