Flour Mills Nigeria (NSA:FMNL) Debt-to-Equity : 1.91 (As of Mar. 2023)

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What is Flour Mills Nigeria Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₦210,007 Mil. Flour Mills Nigeria's debt to equity for the quarter that ended in Mar. 2023 was 1.91.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

NSA:FMNL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 1.32 Max: 2.45
Current: 1.91

During the past 13 years, the highest Debt-to-Equity Ratio of Flour Mills Nigeria was 2.45. The lowest was 0.83. And the median was 1.32.

NSA:FMNL's Debt-to-Equity is ranked worse than
92.31% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs NSA:FMNL: 1.91

Flour Mills Nigeria Debt-to-Equity Historical Data

The historical data trend for Flour Mills Nigeria's Debt-to-Equity 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-Equity Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.88

0.83

0.89

0.94

1.91

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial								0.88	0.83	0.89	0.94	1.91

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

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

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

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

Flour Mills Nigeria Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(174209.92	+	225963.281)	/	210007.386
	=	1.91

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(174209.92	+	225963.281)	/	210007.386
	=	1.91

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

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Flour Mills Nigeria Debt-to-Equity Related Terms

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

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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