Uganda Clays Balance Sheet Health
Financial Health criteria checks 4/6
Uganda Clays has a total shareholder equity of UGX41.7B and total debt of UGX20.6B, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are UGX76.9B and UGX35.1B respectively. Uganda Clays's EBIT is UGX2.1B making its interest coverage ratio -2.7. It has cash and short-term investments of UGX1.8B.
Key information
49.3%
Debt to equity ratio
USh20.60b
Debt
Interest coverage ratio | -2.7x |
Cash | USh1.79b |
Equity | USh41.75b |
Total liabilities | USh35.14b |
Total assets | USh76.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UCL's short term assets (UGX17.2B) exceed its short term liabilities (UGX10.3B).
Long Term Liabilities: UCL's short term assets (UGX17.2B) do not cover its long term liabilities (UGX24.8B).
Debt to Equity History and Analysis
Debt Level: UCL's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: UCL's debt to equity ratio has reduced from 74.2% to 49.3% over the past 5 years.
Debt Coverage: UCL's debt is well covered by operating cash flow (25.1%).
Interest Coverage: UCL earns more interest than it pays, so coverage of interest payments is not a concern.