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).