Prestige Assurance

Prestige Assurance Debt

The Debt of Prestige Assurance (PRESTIGE.NL) as of Oct 19, 2026 is 1.08 M NGN. In the previous year, Debt was 14.21 M NGN — a change of -92.37% (lower).

Debt

1.08 MNGN

YoY

-92.37%

Last updated:

In 2024, Prestige Assurance's total debt was 1.08 M NGN, a -92.37% change from the 14.21 M NGN total debt recorded in the previous year.

The Prestige Assurance Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Debt
Date
Debt
Jan 1, 2017
72.08 M NGN
Jan 1, 2018
2.55 M NGN
Jan 1, 2019
10.03 M NGN
Jan 1, 2020
10.04 M NGN
Jan 1, 2021
6.78 M NGN
Jan 1, 2022
6.55 M NGN
Jan 1, 2023
14.21 M NGN
Jan 1, 2024
1.08 M NGN
The Prestige Assurance Debt history
YEARDebtYoY
1.08 MNGN-92.37%
14.21 MNGN+117.05%
6.55 MNGN-3.39%
6.78 MNGN-32.52%
10.04 MNGN+0.14%
10.03 MNGN+292.83%
2.55 MNGN-96.46%
72.08 MNGN-52.68%
152.34 MNGN—

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Prestige Assurance Stock analysis

What does Prestige Assurance do? Prestige Assurance PLC, based in Victoria Island, Lagos, operates in the Financials sector, specializing in non-life insurance services. The company offers a comprehensive range of insurance products including personal, commercial, industrial, and liability insurance. Its personal insurance covers motor, health, and travel policies, while commercial and industrial lines include marine, agricultural, and machinery breakdown coverage. The firm leverages reinsurance partnerships in London and African markets to support its treaty and facultative insurance operations. Prestige Assurance is one of the most popular companies on Eulerpool.

Debt Details

Understanding Prestige Assurance's Debt Structure

Prestige Assurance's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.

Year-to-Year Comparison

Analyzing Prestige Assurance's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.

Impact on Investments

Investors pay close attention to Prestige Assurance’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.

Interpreting Debt Fluctuations

Shifts in Prestige Assurance’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.

Frequently Asked Questions about Prestige Assurance stock

Debt of Prestige Assurance is 1.08 M NGN in 2024.

Debt of Prestige Assurance changed from 14.21 M NGN to 1.08 M NGN, representing a -92.37% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Debt Prestige Assurance since 2006 – with annual values, charts, and detailed analysis.

Debt's NGN is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Debt's Prestige Assurance historically and in real time.

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Balance Sheet — Prestige Assurance

Total AssetsCurrent AssetsCash & EquivalentsReceivablesInventoryProperty, Plant & EquipmentGoodwillIntangible AssetsEquityLiabilitiesDebtCurrent LiabilitiesLong-term DebtShort-term DebtRetained EarningsBook Value per ShareTangible Book Value per ShareWorking CapitalInvestmentsAccounts PayableNon-Current AssetsShort-Term InvestmentsLong-Term InvestmentsNet DebtTreasury StockMinority InterestDeferred Tax LiabilitiesNet Tangible AssetsGoodwill/AssetsIntangibles/Assets

All Key Metrics — Prestige Assurance