Flour Mills Nigeria (NSA:FMNL) Cash-to-Debt : 0.24 (As of Mar. 2023)

View and export this data going back to 1979. Start your Free Trial

What is Flour Mills Nigeria Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Flour Mills Nigeria's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.24.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Flour Mills Nigeria couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Flour Mills Nigeria's Cash-to-Debt or its related term are showing as below:

NSA:FMNL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.19 Max: 0.25
Current: 0.24

During the past 13 years, Flour Mills Nigeria's highest Cash to Debt Ratio was 0.25. The lowest was 0.11. And the median was 0.19.

NSA:FMNL's Cash-to-Debt is ranked worse than
65.44% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs NSA:FMNL: 0.24

Flour Mills Nigeria Cash-to-Debt Historical Data

The historical data trend for Flour Mills Nigeria's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Flour Mills Nigeria Cash-to-Debt Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.14

0.21

0.25

0.18

0.24

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial								0.14	0.21	0.25	0.18	0.24

Competitive Comparison of Flour Mills Nigeria's Cash-to-Debt

For the Packaged Foods subindustry, Flour Mills Nigeria's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flour Mills Nigeria's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flour Mills Nigeria's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Flour Mills Nigeria's Cash-to-Debt falls into.

Flour Mills Nigeria Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Flour Mills Nigeria's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	97702.029	/	(174209.92	+	225963.281)
	=	0.24

Flour Mills Nigeria's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	97702.029	/	(174209.92	+	225963.281)
	=	0.24

Flour Mills Nigeria (NSA:FMNL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Flour Mills Nigeria Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Flour Mills Nigeria's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

No Headlines