Flour Mills Nigeria (NSA:FMNL) Debt-to-EBITDA : 3.18 (As of Mar. 2023)

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What is Flour Mills Nigeria Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Flour Mills Nigeria's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦174,210 Mil. Flour Mills Nigeria's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦225,963 Mil. Flour Mills Nigeria's annualized EBITDA for the quarter that ended in Mar. 2023 was ₦125,893 Mil. Flour Mills Nigeria's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 3.18.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

NSA:FMNL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.87 Med: 2.77 Max: 5.08
Current: 3.18

During the past 13 years, the highest Debt-to-EBITDA Ratio of Flour Mills Nigeria was 5.08. The lowest was 1.87. And the median was 2.77.

NSA:FMNL's Debt-to-EBITDA is ranked worse than
61.82% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 2.13 vs NSA:FMNL: 3.18

Flour Mills Nigeria Debt-to-EBITDA Historical Data

The historical data trend for Flour Mills Nigeria's Debt-to-EBITDA 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.

* Premium members only.

Flour Mills Nigeria Debt-to-EBITDA Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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2.36

2.03

1.87

1.94

3.18

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-EBITDA	Get a 7-Day Free Trial								2.36	2.03	1.87	1.94	3.18

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

For the Packaged Foods subindustry, Flour Mills Nigeria's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

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

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

Flour Mills Nigeria Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(174209.92	+	225963.281)	/	125892.886
	=	3.18

Flour Mills Nigeria's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(174209.92	+	225963.281)	/	125892.886
	=	3.18

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is one times the quarterly (Mar. 2023) EBITDA data.

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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Flour Mills Nigeria Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Flour Mills Nigeria's Debt-to-EBITDA 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 » Debt-to-EBITDA

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

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