Tower Balance Sheet Health
Financial Health criteria checks 6/6
Tower has a total shareholder equity of NZ$333.7M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$615.0M and NZ$281.2M respectively. Tower's EBIT is NZ$53.1M making its interest coverage ratio 42.3. It has cash and short-term investments of NZ$67.0M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | 42.3x |
| Cash | NZ$67.01m |
| Equity | NZ$333.75m |
| Total liabilities | NZ$281.24m |
| Total assets | NZ$614.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWR's short term assets (NZ$220.6M) exceed its short term liabilities (NZ$207.1M).
Long Term Liabilities: TWR's short term assets (NZ$220.6M) exceed its long term liabilities (NZ$74.2M).
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.