Honeywell Flour Mills Balance Sheet Health
Financial Health criteria checks 3/6
Honeywell Flour Mills has a total shareholder equity of NGN25.4B and total debt of NGN32.9B, which brings its debt-to-equity ratio to 129.7%. Its total assets and total liabilities are NGN157.0B and NGN131.6B respectively. Honeywell Flour Mills's EBIT is NGN30.0B making its interest coverage ratio 4.3. It has cash and short-term investments of NGN4.7B.
Key information
129.7%
Debt to equity ratio
₦32.92b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₦4.67b |
| Equity | ₦25.38b |
| Total liabilities | ₦131.60b |
| Total assets | ₦156.98b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HONYFLOUR's short term assets (NGN78.1B) do not cover its short term liabilities (NGN97.7B).
Long Term Liabilities: HONYFLOUR's short term assets (NGN78.1B) exceed its long term liabilities (NGN33.9B).
Debt to Equity History and Analysis
Debt Level: HONYFLOUR's net debt to equity ratio (111.3%) is considered high.
Reducing Debt: HONYFLOUR's debt to equity ratio has increased from 107.8% to 129.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HONYFLOUR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HONYFLOUR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 42.3% per year.