Flour Mills of Nigeria Balance Sheet Health
Financial Health criteria checks 2/6
Flour Mills of Nigeria has a total shareholder equity of NGN216.5B and total debt of NGN494.8B, which brings its debt-to-equity ratio to 228.5%. Its total assets and total liabilities are NGN1,335.1B and NGN1,118.6B respectively. Flour Mills of Nigeria's EBIT is NGN203.7B making its interest coverage ratio 3. It has cash and short-term investments of NGN170.0B.
Key information
228.5%
Debt to equity ratio
₦494.81b
Debt
Interest coverage ratio | 3x |
Cash | ₦170.01b |
Equity | ₦216.50b |
Total liabilities | ₦1.12t |
Total assets | ₦1.34t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLOURMILL's short term assets (NGN953.5B) exceed its short term liabilities (NGN799.3B).
Long Term Liabilities: FLOURMILL's short term assets (NGN953.5B) exceed its long term liabilities (NGN319.3B).
Debt to Equity History and Analysis
Debt Level: FLOURMILL's net debt to equity ratio (150%) is considered high.
Reducing Debt: FLOURMILL's debt to equity ratio has increased from 92.8% to 228.5% over the past 5 years.
Debt Coverage: FLOURMILL's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: FLOURMILL's interest payments on its debt are not well covered by EBIT (3x coverage).