• Saturday, November 02, 2024
businessday logo

BusinessDay

Chart of the Day operating-cash flow ratio of nigerias downstream oil firms

Chart of the Day operating-cash flow ratio of nigerias downstream oil firms

Nigeria’s downstream firms have recorded operating cash flow ratios below one, which shows that they are barely generating enough cash to meet their current liabilities and signals of a short-term cash shortfall and lack of capital.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp