Red Star Express Balance Sheet Health
Financial Health criteria checks 5/6
Red Star Express has a total shareholder equity of NGN4.7B and total debt of NGN426.7M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are NGN8.9B and NGN4.2B respectively. Red Star Express's EBIT is NGN524.1M making its interest coverage ratio 9.6. It has cash and short-term investments of NGN1.1B.
Key information
9.2%
Debt to equity ratio
₦426.71m
Debt
Interest coverage ratio | 9.6x |
Cash | ₦1.09b |
Equity | ₦4.65b |
Total liabilities | ₦4.24b |
Total assets | ₦8.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REDSTAREX's short term assets (NGN5.3B) exceed its short term liabilities (NGN3.5B).
Long Term Liabilities: REDSTAREX's short term assets (NGN5.3B) exceed its long term liabilities (NGN725.9M).
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 9.2% over the past 5 years.
Debt Coverage: REDSTAREX's debt is well covered by operating cash flow (257.5%).
Interest Coverage: REDSTAREX's interest payments on its debt are well covered by EBIT (9.6x coverage).