Nigerian Aviation Handling Balance Sheet Health
Financial Health criteria checks 6/6
Nigerian Aviation Handling has a total shareholder equity of NGN12.9B and total debt of NGN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NGN27.2B and NGN14.3B respectively. Nigerian Aviation Handling's EBIT is NGN8.5B making its interest coverage ratio 58.2. It has cash and short-term investments of NGN985.8M.
Key information
0%
Debt to equity ratio
₦0
Debt
| Interest coverage ratio | 58.2x |
| Cash | ₦985.77m |
| Equity | ₦12.86b |
| Total liabilities | ₦14.30b |
| Total assets | ₦27.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAHCO's short term assets (NGN18.6B) exceed its short term liabilities (NGN12.3B).
Long Term Liabilities: NAHCO's short term assets (NGN18.6B) exceed its long term liabilities (NGN2.0B).
Debt to Equity History and Analysis
Debt Level: NAHCO is debt free.
Reducing Debt: NAHCO has no debt compared to 5 years ago when its debt to equity ratio was 12.9%.
Debt Coverage: NAHCO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NAHCO has no debt, therefore coverage of interest payments is not a concern.