Financial Analysis and Prediction of Corporate Bankrupcy: The nexus. (A Study of Unilever Nigeria Plc)

Abstract

This study examined the impact of financial ratios and prediction of corporate bankruptcy. Secondary source of data collections was adopted which includes the use of data of the Unilever Nigeria Plc Published Accounts and the Nigerian Stock Exchange Fact Book (2020). Data collated was analyzed using the following test: descriptive statistics, qualitative and quantitative appraisals. The results revealed that liquidity ratios are in order in most of the periods, leverage ratios are on the high side, activity ratios could be better off and profitability ratios are very poor. The study concluded that the finding revealed that Unilever Nigeria Plc based on the Z-Score analysis carried out for Year 2023 financial information, is still very sound and not prone to bankruptcy for now.