National Flour Mills Balance Sheet Health
Financial Health criteria checks 5/6
National Flour Mills has a total shareholder equity of TTD283.2M and total debt of TTD35.0M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are TTD449.1M and TTD165.9M respectively. National Flour Mills's EBIT is TTD53.5M making its interest coverage ratio 9.2. It has cash and short-term investments of TTD29.1M.
Key information
12.4%
Debt to equity ratio
TT$35.00m
Debt
Interest coverage ratio | 9.2x |
Cash | TT$29.09m |
Equity | TT$283.19m |
Total liabilities | TT$165.94m |
Total assets | TT$449.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NFM's short term assets (TTD259.8M) exceed its short term liabilities (TTD84.9M).
Long Term Liabilities: NFM's short term assets (TTD259.8M) exceed its long term liabilities (TTD81.0M).
Debt to Equity History and Analysis
Debt Level: NFM's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: NFM's debt to equity ratio has reduced from 25.7% to 12.4% over the past 5 years.
Debt Coverage: NFM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NFM's interest payments on its debt are well covered by EBIT (9.2x coverage).