EFFECT OF LONG-TERM DEBT ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRM IN NIGERIA

This research project was carried out to examine the effect of long-term debt on financial performance of listed consumer goods firm in Nigeria. The objectives of the study were to examine the effect of long-term debt to asset ratio on financial performance of listed consumer goods firms in Nigeria and to ascertain the effect of total equity to asset ratio on financial performance of listed consumer goods firms in Nigeria. In achieving the above objectives, ex-post facto research design was used. The population consists of twenty-one (21) listed consumer companies listed on the Nigeria Exchange Group, out of which ten (10) were used as sample size for the study. In line with the findings of the study, the following are the conclusions arrived at that long-term debt within the period of the study has helped to improve their financial performance. Based on the conclusion of the study, the following recommendations are been proffered: The management should sustain the long-term debt as the result revealed that the higher the long-term debt, then the higher the financial performance of listed consumer goods firms in Nigeria, therefore the listed consumer goods firms in Nigeria should try and maintain long term debt.