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 ratio | 2.1x |
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).