Transnational Corporation of Nigeria Balance Sheet Health
Financial Health criteria checks 5/6
Transnational of Nigeria has a total shareholder equity of NGN234.5B and total debt of NGN104.5B, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are NGN625.1B and NGN390.6B respectively. Transnational of Nigeria's EBIT is NGN113.1B making its interest coverage ratio 8.6. It has cash and short-term investments of NGN40.3B.
Key information
44.6%
Debt to equity ratio
₦104.47b
Debt
Interest coverage ratio | 8.6x |
Cash | ₦40.26b |
Equity | ₦234.48b |
Total liabilities | ₦390.64b |
Total assets | ₦625.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRANSCORP's short term assets (NGN270.2B) do not cover its short term liabilities (NGN281.7B).
Long Term Liabilities: TRANSCORP's short term assets (NGN270.2B) exceed its long term liabilities (NGN108.9B).
Debt to Equity History and Analysis
Debt Level: TRANSCORP's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: TRANSCORP's debt to equity ratio has reduced from 91.3% to 44.6% over the past 5 years.
Debt Coverage: TRANSCORP's debt is well covered by operating cash flow (35.2%).
Interest Coverage: TRANSCORP's interest payments on its debt are well covered by EBIT (8.6x coverage).