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Honeywell Flour Mills (NSA:HFM) Interest Expense : ₦-10,062 Mil (TTM As of Mar. 2023)


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What is Honeywell Flour Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Honeywell Flour Mills's interest expense for the six months ended in Mar. 2023 was ₦ -10,062 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₦-10,062 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Honeywell Flour Mills's Operating Income for the six months ended in Mar. 2023 was ₦ 917 Mil. Honeywell Flour Mills's Interest Expense for the six months ended in Mar. 2023 was ₦ -10,062 Mil. Honeywell Flour Mills's Interest Coverage for the quarter that ended in Mar. 2023 was 0.09. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Honeywell Flour Mills Interest Expense Historical Data

The historical data trend for Honeywell Flour Mills's Interest Expense 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 Interest Expense Chart

Honeywell Flour Mills Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,218.87 -4,227.40 -6,069.30 -5,487.21 -10,061.71

Honeywell Flour Mills Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,218.87 -4,227.40 -6,069.30 -5,487.21 -10,061.71

Honeywell Flour Mills Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₦-10,062 Mil.

* 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.


Honeywell Flour Mills  (NSA:HFM) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Honeywell Flour Mills's Interest Expense for the six months ended in Mar. 2023 was ₦-10,062 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₦917 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₦34,686 Mil.

Honeywell Flour Mills's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*916.721/-10061.712
=0.09

* 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.

The higher the ratio, the stronger the company's financial strength is.


Honeywell Flour Mills (NSA:HFM) Business Description

Traded in Other Exchanges
N/A
Address
2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA
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

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