Honeywell Flour Mills (NSA:HFM) Debt-to-Equity : 2.34 (As of Mar. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Honeywell Flour Mills Debt-to-Equity?

Honeywell Flour Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦42,573 Mil. Honeywell Flour Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦34,686 Mil. Honeywell Flour Mills's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₦32,976 Mil. Honeywell Flour Mills's debt to equity for the quarter that ended in Mar. 2023 was 2.34.

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

NSA:HFM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.2 Max: 3.14
Current: 2.34

During the past 13 years, the highest Debt-to-Equity Ratio of Honeywell Flour Mills was 3.14. The lowest was 0.89. And the median was 1.20.

NSA:HFM's Debt-to-Equity is ranked worse than
94.63% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs NSA:HFM: 2.34

Honeywell Flour Mills Debt-to-Equity Historical Data

The historical data trend for Honeywell Flour Mills'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.

Honeywell Flour Mills Debt-to-Equity Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.98

1.02

1.04

1.36

2.34

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial									0.98	1.02	1.04	1.36	2.34

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

For the Packaged Foods subindustry, Honeywell Flour Mills'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.

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

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

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

Honeywell Flour Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Honeywell Flour Mills'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
	=	(42572.915	+	34685.721)	/	32976.289
	=	2.34

Honeywell Flour Mills'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
	=	(42572.915	+	34685.721)	/	32976.289
	=	2.34

Honeywell Flour Mills (NSA:HFM) 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.

Honeywell Flour Mills Debt-to-Equity Related Terms

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

Honeywell Flour Mills (NSA:HFM) Business Description

Industry

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

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.

Honeywell Flour Mills (NSA:HFM) Headlines

No Headlines