Synlait Milk Balance Sheet Health
Financial Health criteria checks 1/6
Synlait Milk has a total shareholder equity of NZ$698.9M and total debt of NZ$589.8M, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are NZ$1.7B and NZ$1.0B respectively.
Key information
84.4%
Debt to equity ratio
NZ$589.79m
Debt
Interest coverage ratio | n/a |
Cash | NZ$30.50m |
Equity | NZ$698.88m |
Total liabilities | NZ$1.01b |
Total assets | NZ$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SM1's short term assets (NZ$655.9M) do not cover its short term liabilities (NZ$860.8M).
Long Term Liabilities: SM1's short term assets (NZ$655.9M) exceed its long term liabilities (NZ$153.7M).
Debt to Equity History and Analysis
Debt Level: SM1's net debt to equity ratio (80%) is considered high.
Reducing Debt: SM1's debt to equity ratio has increased from 63.5% to 84.4% over the past 5 years.
Debt Coverage: SM1's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: Insufficient data to determine if SM1's interest payments on its debt are well covered by EBIT.