Honeywell Flour Mills (NSA:HFM) Cash-to-Debt : 0.10 (As of Mar. 2023)

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What is Honeywell Flour Mills 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. Honeywell Flour Mills's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.10.

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, Honeywell Flour Mills 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 Honeywell Flour Mills's Cash-to-Debt or its related term are showing as below:

NSA:HFM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.17 Max: 0.34
Current: 0.1

During the past 13 years, Honeywell Flour Mills's highest Cash to Debt Ratio was 0.34. The lowest was 0.09. And the median was 0.17.

NSA:HFM's Cash-to-Debt is ranked worse than
80.94% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs NSA:HFM: 0.10

Honeywell Flour Mills Cash-to-Debt Historical Data

The historical data trend for Honeywell Flour Mills'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.

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Honeywell Flour Mills Cash-to-Debt Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.17

0.09

0.34

0.22

0.10

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial									0.17	0.09	0.34	0.22	0.10

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

For the Packaged Foods subindustry, Honeywell Flour Mills'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.

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

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

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

Honeywell Flour Mills 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.

Honeywell Flour Mills'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)
	=	8041.162	/	(42572.915	+	34685.721)
	=	0.10

Honeywell Flour Mills'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)
	=	8041.162	/	(42572.915	+	34685.721)
	=	0.10

Honeywell Flour Mills (NSA:HFM) 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.

Honeywell Flour Mills Cash-to-Debt Related Terms

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Honeywell Flour Mills (NSA:HFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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