Honeywell Flour Mills Plc

NGSE:HONYFLOUR Stock Report

Market Cap: ₦30.9b

Honeywell Flour Mills Balance Sheet Health

Financial Health criteria checks 2/6

Honeywell Flour Mills has a total shareholder equity of NGN23.7B and total debt of NGN68.1B, which brings its debt-to-equity ratio to 286.9%. Its total assets and total liabilities are NGN140.6B and NGN116.9B respectively. Honeywell Flour Mills's EBIT is NGN24.6B making its interest coverage ratio 2.1. It has cash and short-term investments of NGN7.3B.

Key information

286.9%

Debt to equity ratio

₦68.13b

Debt

Interest coverage ratio2.1x
Cash₦7.32b
Equity₦23.75b
Total liabilities₦116.90b
Total assets₦140.64b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: HONYFLOUR's short term assets (NGN57.0B) do not cover its short term liabilities (NGN64.2B).

Long Term Liabilities: HONYFLOUR's short term assets (NGN57.0B) exceed its long term liabilities (NGN52.7B).


Debt to Equity History and Analysis

Debt Level: HONYFLOUR's net debt to equity ratio (256.1%) is considered high.

Reducing Debt: HONYFLOUR's debt to equity ratio has increased from 95.3% to 286.9% over the past 5 years.

Debt Coverage: HONYFLOUR's debt is well covered by operating cash flow (57.3%).

Interest Coverage: HONYFLOUR's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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