| Summary, etc |
The study examines the Capital Structure And Financial Performance Of Listed Healthcare Companies In Nigeria for the period of 2012-2021and focused on all the 7 listed healthcare companies in Nigeria. The study focused on three explanatory variables as proxies for the dependent variable (Financial Performance): ROA (returns on assets), ROE (return on equity) and one dependent variable EPS (equity per share).The regression, correlation matrix, and descriptive analysis results were analyzed, presented, and discussed. The statistical significance level was set at 5%. The results of the simple linear regression analysis were as follows: i.There was no statistically significant effect of short-term debt to total assets ratio on the return on assets of listed healthcare companies in Nigeria with a significance level of 1.86 (p>0.05).ii. There was a statistically significant effect of long-term debt to total assets ratio on the return on equity of listed healthcare companies in Nigeria with a significance level of 0.000013(p<0.05).iii. There was no statistically significant effect of total debt to total equity ratio on the earnings per share of listed healthcare companies in Nigeria with a significance level of 0.358989(p>0.05). According to the findings of this study, the following suggestion is<br/>offered to shareholder that the management of Nigerian healthcare companies should encourage the use of a combination of long-term debt, short-term debt, and the capital market to raise funds through sales of equity and other financial securities such as ordinary shares and preference shares in their capital structure mix. The efficient use of these sources will allow the firm to raise<br/>adequate cash at a fair cost and satisfy its necessary requirements, boosting the company's growth potentials and, in turn, increasing the economy's industrialisation stride. Keywords: Financial performance, Return On Assets(ROA, Return On Equity(ROE), Earnings Per Share(EPS) and Capital structure. |
