Tower Balance Sheet Health
Financial Health criteria checks 5/6
Tower has a total shareholder equity of NZ$300.3M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$946.2M and NZ$645.9M respectively. Tower's EBIT is NZ$7.4M making its interest coverage ratio 6.1. It has cash and short-term investments of NZ$55.1M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
Interest coverage ratio | 6.1x |
Cash | NZ$55.11m |
Equity | NZ$300.27m |
Total liabilities | NZ$645.91m |
Total assets | NZ$946.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWR's short term assets (NZ$492.4M) do not cover its short term liabilities (NZ$611.6M).
Long Term Liabilities: TWR's short term assets (NZ$492.4M) exceed its long term liabilities (NZ$34.3M).
Debt to Equity History and Analysis
Debt Level: TWR is debt free.
Reducing Debt: TWR had no debt 5 years ago.
Debt Coverage: TWR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TWR has no debt, therefore coverage of interest payments is not a concern.