SkyCity Entertainment Group Balance Sheet Health
Financial Health criteria checks 4/6
SkyCity Entertainment Group has a total shareholder equity of NZ$1.5B and total debt of NZ$575.5M, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are NZ$2.8B and NZ$1.3B respectively. SkyCity Entertainment Group's EBIT is NZ$176.8M making its interest coverage ratio 10.6. It has cash and short-term investments of NZ$188.2M.
Key information
38.2%
Debt to equity ratio
NZ$575.47m
Debt
Interest coverage ratio | 10.6x |
Cash | NZ$188.22m |
Equity | NZ$1.51b |
Total liabilities | NZ$1.33b |
Total assets | NZ$2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKC's short term assets (NZ$250.4M) do not cover its short term liabilities (NZ$344.4M).
Long Term Liabilities: SKC's short term assets (NZ$250.4M) do not cover its long term liabilities (NZ$988.7M).
Debt to Equity History and Analysis
Debt Level: SKC's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: SKC's debt to equity ratio has reduced from 57.1% to 38.2% over the past 5 years.
Debt Coverage: SKC's debt is well covered by operating cash flow (36.1%).
Interest Coverage: SKC's interest payments on its debt are well covered by EBIT (10.6x coverage).