Honeywell Flour Mills Financial Health

Short Term Liabilities: HONYFLOUR's short term assets (NGN61.9B) do not cover its short term liabilities (NGN62.9B).

Long Term Liabilities: HONYFLOUR's short term assets (NGN61.9B) exceed its long term liabilities (NGN49.6B).

Debt Level: HONYFLOUR's net debt to equity ratio (113.5%) is considered high.

Reducing Debt: HONYFLOUR's debt to equity ratio has increased from 105.7% to 136.6% over the past 5 years.

Debt Coverage: HONYFLOUR's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: HONYFLOUR's interest payments on its debt are not well covered by EBIT (0.3x coverage).

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