Business, Management and Accounting
a year ago

High Short-Term Debt Boosts Financial Performance of Nigerian Agricultural Companies

1 view
Gusau Journal of Accounting and Finance
IMPACT OF CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE OF LISTED AGRICULTURAL COMPANIES IN NIGERIA
Ahmad Muhammad Ahmad, Shehu Usman Hassan, Abubakar Abubakar

Paper Summary

The article explores how the way a company borrows money affects its financial performance. It looked at listed manufacturing firms in Nigeria from 2017 to 2021. The study found that having more short-term debt and total equity can improve a company's return on assets. On the other hand, having a lot of long-term debt doesn't seem to help. The researchers suggest that companies should focus on reducing long-term debt and improving short-term debt to do better financially.

Related papers

Business, Management and Accounting
4 years ago

Highly geared firms show higher profitability, industry type influences capital structure.

Corporate Governance
1 view
Business, Management and Accounting
4 years ago

High profitability linked to lower debt in top companies, study finds.

Working Capital
Corporate Governance
1 view
Business, Management and Accounting
7 years ago

Debt-heavy cement firms in Pakistan face profitability challenges, study finds.

Working Capital
Corporate Governance
1 view