NZME Balance Sheet Health
Financial Health criteria checks 4/6
NZME has a total shareholder equity of NZ$132.4M and total debt of NZ$23.5M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are NZ$290.4M and NZ$158.0M respectively. NZME's EBIT is NZ$25.5M making its interest coverage ratio 3.7. It has cash and short-term investments of NZ$5.5M.
Key information
17.7%
Debt to equity ratio
NZ$23.49m
Debt
Interest coverage ratio | 3.7x |
Cash | NZ$5.52m |
Equity | NZ$132.45m |
Total liabilities | NZ$157.95m |
Total assets | NZ$290.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZM's short term assets (NZ$55.7M) do not cover its short term liabilities (NZ$61.7M).
Long Term Liabilities: NZM's short term assets (NZ$55.7M) do not cover its long term liabilities (NZ$96.3M).
Debt to Equity History and Analysis
Debt Level: NZM's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: NZM's debt to equity ratio has reduced from 38.4% to 17.7% over the past 5 years.
Debt Coverage: NZM's debt is well covered by operating cash flow (176.7%).
Interest Coverage: NZM's interest payments on its debt are well covered by EBIT (3.7x coverage).