Flour Mills of Nigeria Balance Sheet Health
Financial Health criteria checks 3/6
Flour Mills of Nigeria has a total shareholder equity of NGN248.1B and total debt of NGN493.0B, which brings its debt-to-equity ratio to 198.7%. Its total assets and total liabilities are NGN1,709.5B and NGN1,461.4B respectively. Flour Mills of Nigeria's EBIT is NGN236.4B making its interest coverage ratio 3.2. It has cash and short-term investments of NGN148.8B.
Key information
198.7%
Debt to equity ratio
₦492.97b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₦148.78b |
| Equity | ₦248.07b |
| Total liabilities | ₦1.46t |
| Total assets | ₦1.71t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLOURMILL's short term assets (NGN1,285.4B) exceed its short term liabilities (NGN1,160.3B).
Long Term Liabilities: FLOURMILL's short term assets (NGN1,285.4B) exceed its long term liabilities (NGN301.0B).
Debt to Equity History and Analysis
Debt Level: FLOURMILL's net debt to equity ratio (138.7%) is considered high.
Reducing Debt: FLOURMILL's debt to equity ratio has increased from 80.6% to 198.7% over the past 5 years.
Debt Coverage: FLOURMILL's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: FLOURMILL's interest payments on its debt are well covered by EBIT (3.2x coverage).