NZME Balance Sheet Health
Financial Health criteria checks 4/6
NZME has a total shareholder equity of NZ$125.2M and total debt of NZ$37.6M, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are NZ$292.2M and NZ$167.0M respectively. NZME's EBIT is NZ$24.7M making its interest coverage ratio 3.5. It has cash and short-term investments of NZ$7.7M.
Key information
30.0%
Debt to equity ratio
NZ$37.61m
Debt
| Interest coverage ratio | 3.5x |
| Cash | NZ$7.65m |
| Equity | NZ$125.24m |
| Total liabilities | NZ$166.97m |
| Total assets | NZ$292.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZM's short term assets (NZ$62.4M) do not cover its short term liabilities (NZ$62.4M).
Long Term Liabilities: NZM's short term assets (NZ$62.4M) do not cover its long term liabilities (NZ$104.5M).
Debt to Equity History and Analysis
Debt Level: NZM's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: NZM's debt to equity ratio has reduced from 35.9% to 30% over the past 5 years.
Debt Coverage: NZM's debt is well covered by operating cash flow (119.1%).
Interest Coverage: NZM's interest payments on its debt are well covered by EBIT (3.5x coverage).