Red Star Express Balance Sheet Health
Financial Health criteria checks 5/6
Red Star Express has a total shareholder equity of NGN4.6B and total debt of NGN267.2M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are NGN9.5B and NGN4.8B respectively. Red Star Express's EBIT is NGN758.8M making its interest coverage ratio 15.1. It has cash and short-term investments of NGN936.9M.
Key information
5.8%
Debt to equity ratio
₦267.18m
Debt
| Interest coverage ratio | 15.1x |
| Cash | ₦936.90m |
| Equity | ₦4.65b |
| Total liabilities | ₦4.83b |
| Total assets | ₦9.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REDSTAREX's short term assets (NGN5.7B) exceed its short term liabilities (NGN4.4B).
Long Term Liabilities: REDSTAREX's short term assets (NGN5.7B) exceed its long term liabilities (NGN443.6M).
Debt to Equity History and Analysis
Debt Level: REDSTAREX has more cash than its total debt.
Reducing Debt: REDSTAREX's debt to equity ratio has increased from 0% to 5.8% over the past 5 years.
Debt Coverage: REDSTAREX's debt is well covered by operating cash flow (606%).
Interest Coverage: REDSTAREX's interest payments on its debt are well covered by EBIT (15.1x coverage).