Smartpay Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Smartpay Holdings has a total shareholder equity of NZ$45.9M and total debt of NZ$9.5M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are NZ$114.1M and NZ$68.2M respectively. Smartpay Holdings's EBIT is NZ$10.3M making its interest coverage ratio 13.7. It has cash and short-term investments of NZ$19.0M.
Key information
20.7%
Debt to equity ratio
NZ$9.50m
Debt
| Interest coverage ratio | 13.7x |
| Cash | NZ$19.05m |
| Equity | NZ$45.90m |
| Total liabilities | NZ$68.16m |
| Total assets | NZ$114.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMP's short term assets (NZ$57.3M) exceed its short term liabilities (NZ$54.5M).
Long Term Liabilities: SMP's short term assets (NZ$57.3M) exceed its long term liabilities (NZ$13.7M).
Debt to Equity History and Analysis
Debt Level: SMP has more cash than its total debt.
Reducing Debt: SMP's debt to equity ratio has reduced from 191.8% to 20.7% over the past 5 years.
Debt Coverage: SMP's debt is well covered by operating cash flow (184.1%).
Interest Coverage: SMP's interest payments on its debt are well covered by EBIT (13.7x coverage).