Summerset Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Summerset Group Holdings has a total shareholder equity of NZ$2.6B and total debt of NZ$1.4B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are NZ$6.9B and NZ$4.3B respectively. Summerset Group Holdings's EBIT is NZ$6.7M making its interest coverage ratio 0.4. It has cash and short-term investments of NZ$32.0M.
Key information
54.1%
Debt to equity ratio
NZ$1.41b
Debt
Interest coverage ratio | 0.4x |
Cash | NZ$31.96m |
Equity | NZ$2.61b |
Total liabilities | NZ$4.34b |
Total assets | NZ$6.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNZ's short term assets (NZ$121.3M) do not cover its short term liabilities (NZ$397.1M).
Long Term Liabilities: SNZ's short term assets (NZ$121.3M) do not cover its long term liabilities (NZ$3.9B).
Debt to Equity History and Analysis
Debt Level: SNZ's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: SNZ's debt to equity ratio has increased from 47.7% to 54.1% over the past 5 years.
Debt Coverage: SNZ's debt is well covered by operating cash flow (28.2%).
Interest Coverage: SNZ's interest payments on its debt are not well covered by EBIT (0.4x coverage).