a2 Milk Balance Sheet Health
Financial Health criteria checks 5/6
a2 Milk has a total shareholder equity of NZ$1.2B and total debt of NZ$37.9M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are NZ$1.6B and NZ$400.9M respectively. a2 Milk's EBIT is NZ$206.7M making its interest coverage ratio -7.3. It has cash and short-term investments of NZ$792.1M.
Key information
3.2%
Debt to equity ratio
NZ$37.89m
Debt
Interest coverage ratio | -7.3x |
Cash | NZ$792.10m |
Equity | NZ$1.20b |
Total liabilities | NZ$400.91m |
Total assets | NZ$1.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A2M's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$348.2M).
Long Term Liabilities: A2M's short term assets (NZ$1.1B) exceed its long term liabilities (NZ$52.7M).
Debt to Equity History and Analysis
Debt Level: A2M has more cash than its total debt.
Reducing Debt: A2M's debt to equity ratio has increased from 0% to 3.2% over the past 5 years.
Debt Coverage: A2M's debt is well covered by operating cash flow (466.1%).
Interest Coverage: A2M earns more interest than it pays, so coverage of interest payments is not a concern.