New Zealand King Salmon Investments Balance Sheet Health
Financial Health criteria checks 6/6
New Zealand King Salmon Investments has a total shareholder equity of NZ$193.6M and total debt of NZ$3.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are NZ$241.4M and NZ$47.8M respectively. New Zealand King Salmon Investments's EBIT is NZ$26.4M making its interest coverage ratio -30.6. It has cash and short-term investments of NZ$35.3M.
Key information
1.6%
Debt to equity ratio
NZ$3.13m
Debt
| Interest coverage ratio | -30.6x |
| Cash | NZ$35.30m |
| Equity | NZ$193.59m |
| Total liabilities | NZ$47.81m |
| Total assets | NZ$241.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZK's short term assets (NZ$171.0M) exceed its short term liabilities (NZ$29.2M).
Long Term Liabilities: NZK's short term assets (NZ$171.0M) exceed its long term liabilities (NZ$18.6M).
Debt to Equity History and Analysis
Debt Level: NZK has more cash than its total debt.
Reducing Debt: NZK's debt to equity ratio has reduced from 10.9% to 1.6% over the past 5 years.
Debt Coverage: NZK's debt is well covered by operating cash flow (563.7%).
Interest Coverage: NZK earns more interest than it pays, so coverage of interest payments is not a concern.