Skyway Aviation Handling Balance Sheet Health
Financial Health criteria checks 5/6
Skyway Aviation Handling has a total shareholder equity of NGN29.5B and total debt of NGN2.9B, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are NGN40.6B and NGN11.2B respectively. Skyway Aviation Handling's EBIT is NGN6.0B making its interest coverage ratio -141.1. It has cash and short-term investments of NGN3.9B.
Key information
9.9%
Debt to equity ratio
₦2.91b
Debt
| Interest coverage ratio | -141.1x |
| Cash | ₦3.86b |
| Equity | ₦29.46b |
| Total liabilities | ₦11.16b |
| Total assets | ₦40.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKYAVN's short term assets (NGN18.7B) exceed its short term liabilities (NGN5.1B).
Long Term Liabilities: SKYAVN's short term assets (NGN18.7B) exceed its long term liabilities (NGN6.0B).
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 1.3% to 9.9% over the past 5 years.
Debt Coverage: SKYAVN's debt is well covered by operating cash flow (195.5%).
Interest Coverage: SKYAVN earns more interest than it pays, so coverage of interest payments is not a concern.