Transnational Corporation of Nigeria Balance Sheet Health
Financial Health criteria checks 5/6
Transnational of Nigeria has a total shareholder equity of NGN250.6B and total debt of NGN114.0B, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are NGN683.8B and NGN433.2B respectively. Transnational of Nigeria's EBIT is NGN147.0B making its interest coverage ratio 11.1. It has cash and short-term investments of NGN57.2B.
Key information
45.5%
Debt to equity ratio
₦114.05b
Debt
| Interest coverage ratio | 11.1x |
| Cash | ₦57.25b |
| Equity | ₦250.59b |
| Total liabilities | ₦433.16b |
| Total assets | ₦683.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRANSCORP's short term assets (NGN317.3B) do not cover its short term liabilities (NGN328.5B).
Long Term Liabilities: TRANSCORP's short term assets (NGN317.3B) exceed its long term liabilities (NGN104.7B).
Debt to Equity History and Analysis
Debt Level: TRANSCORP's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: TRANSCORP's debt to equity ratio has reduced from 90.6% to 45.5% over the past 5 years.
Debt Coverage: TRANSCORP's debt is well covered by operating cash flow (31.1%).
Interest Coverage: TRANSCORP's interest payments on its debt are well covered by EBIT (11.1x coverage).