Skyway Aviation Handling Balance Sheet Health
Financial Health criteria checks 5/6
Skyway Aviation Handling has a total shareholder equity of NGN24.9B and total debt of NGN3.3B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are NGN36.8B and NGN11.9B respectively. Skyway Aviation Handling's EBIT is NGN4.1B making its interest coverage ratio -108.7. It has cash and short-term investments of NGN3.4B.
Key information
13.2%
Debt to equity ratio
₦3.29b
Debt
Interest coverage ratio | -108.7x |
Cash | ₦3.37b |
Equity | ₦24.87b |
Total liabilities | ₦11.91b |
Total assets | ₦36.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKYAVN's short term assets (NGN15.2B) exceed its short term liabilities (NGN5.6B).
Long Term Liabilities: SKYAVN's short term assets (NGN15.2B) exceed its long term liabilities (NGN6.3B).
Debt to Equity History and Analysis
Debt Level: SKYAVN has more cash than its total debt.
Reducing Debt: SKYAVN's debt to equity ratio has increased from 2.6% to 13.2% over the past 5 years.
Debt Coverage: SKYAVN's debt is well covered by operating cash flow (203.2%).
Interest Coverage: SKYAVN earns more interest than it pays, so coverage of interest payments is not a concern.