The study assessed the effect of financial ratios on performance of Quoted Breweries firms in Nigeria. It made use of ex-post facto research design. Data were gotten from secondary sources obtained from NSE fact books and annual reports/accounts of the selected Breweries Companies. The population of the study consisted of thirteen (13) quoted Breweries firms listed on the Nigerian Stock Exchange as at 31st December, 2018. Four (4) of the quoted Breweries firms are selected to form the sample of the study for the period of nine (9) years (2010 – 2018). The relevant data obtained were subjected to statistical analysis using Pearson correlation coefficient and regression analysis. The results of this study revealed that there is a significant relationship between current ratio and firm performance but negative effect. Debt equity ratio has a significant effect on return on asset of Nigerian Breweries. The result of the study concludes that Nigerian breweries companies are relatively using an optimal mix of debt to equity which is evident from the significant positive relationship of debt-equity ratio with financial performance of the Nigerian Breweries. The researchers recommended that the management should employ all carefulness while financing with long term debt instruments; endeavor to find out the best and optimal combination of long term debt and equity that will impact positively on the value of the firm.
Financial Ratios, Firm Performance, Brewery Firms, Debt Instruments, Equity
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