Summerset Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Summerset Group Holdings has a total shareholder equity of NZ$2.7B and total debt of NZ$1.5B, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are NZ$7.4B and NZ$4.7B respectively. Summerset Group Holdings's EBIT is NZ$3.0M making its interest coverage ratio 0.2. It has cash and short-term investments of NZ$39.1M.
Key information
57.4%
Debt to equity ratio
NZ$1.55b
Debt
| Interest coverage ratio | 0.2x |
| Cash | NZ$39.12m |
| Equity | NZ$2.70b |
| Total liabilities | NZ$4.67b |
| Total assets | NZ$7.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNZ's short term assets (NZ$128.9M) do not cover its short term liabilities (NZ$197.6M).
Long Term Liabilities: SNZ's short term assets (NZ$128.9M) do not cover its long term liabilities (NZ$4.5B).
Debt to Equity History and Analysis
Debt Level: SNZ's net debt to equity ratio (56%) is considered high.
Reducing Debt: SNZ's debt to equity ratio has increased from 49.6% to 57.4% over the past 5 years.
Debt Coverage: SNZ's debt is well covered by operating cash flow (28.6%).
Interest Coverage: SNZ's interest payments on its debt are not well covered by EBIT (0.2x coverage).