SkyCity Entertainment Group Balance Sheet Health
Financial Health criteria checks 3/6
SkyCity Entertainment Group has a total shareholder equity of NZ$1.3B and total debt of NZ$616.7M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are NZ$2.8B and NZ$1.5B respectively. SkyCity Entertainment Group's EBIT is NZ$174.5M making its interest coverage ratio 10.8. It has cash and short-term investments of NZ$76.6M.
Key information
47.3%
Debt to equity ratio
NZ$616.68m
Debt
| Interest coverage ratio | 10.8x |
| Cash | NZ$76.56m |
| Equity | NZ$1.30b |
| Total liabilities | NZ$1.48b |
| Total assets | NZ$2.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKC's short term assets (NZ$189.2M) do not cover its short term liabilities (NZ$506.3M).
Long Term Liabilities: SKC's short term assets (NZ$189.2M) do not cover its long term liabilities (NZ$970.9M).
Debt to Equity History and Analysis
Debt Level: SKC's net debt to equity ratio (41.4%) is considered high.
Reducing Debt: SKC's debt to equity ratio has reduced from 49.8% to 47.3% over the past 5 years.
Debt Coverage: SKC's debt is well covered by operating cash flow (33%).
Interest Coverage: SKC's interest payments on its debt are well covered by EBIT (10.8x coverage).