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Chart for the Day of working capital ratio in Nigeria’s industrial company

Olukayode Joshua Lasisi
0 Min Read

Austin LAZ & Company PLC shows that the company is idly sitting on its cash reserves rather than using them to expand its operations.

Austin LAZ & Company PLC, Grief Nigeria PLC, BETA Glass PLC, and Meyer PLC all had working capital ratios of two or higher, demonstrating their financial soundness and ability to cover their short-term debt.

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