Ebenyo wrote:VituVingiSana wrote:Ebenyo wrote:Total. liabilities-45,391,000
Total equity-50,897,000
Debt to equity ratio-89%
From the Debt you should deduct the cash (and liquid assets) they have.
That means there is some sort of reliance on sidian bank which is loss making.
The amount you are saying is titled customer deposit which is 12,832,000.
kwani sidian bank only have 12m in deposits?
Customer Deposits are 12.8 BILLION.
From the 45bn you should deduct the portion at that attributable to bank deposits and bank borrowings given these are not obligations of Centum and Centum does not have direct access to these funds.
As an example: If HF goes under, then Britam loses its deposits at HF and the % of its portion of shareholders capital.
45bn - 12.8bn - 3.2bn = 29bn
* Deferred Income Tax may or may no be considered a liability for this calculation given it only mature if there is a taxable event.
There are other "Minority Shareholders" in the group so let's look at the D:E Ratio for the "Company" which is more representative.
Debt: 17.4bn
Equity: 48.7bn
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