EROAD Balance Sheet Health
Financial Health criteria checks 4/6
EROAD has a total shareholder equity of NZ$284.9M and total debt of NZ$52.5M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are NZ$430.1M and NZ$145.2M respectively. EROAD's EBIT is NZ$1.9M making its interest coverage ratio 0.3. It has cash and short-term investments of NZ$16.8M.
Key information
18.4%
Debt to equity ratio
NZ$52.50m
Debt
Interest coverage ratio | 0.3x |
Cash | NZ$16.80m |
Equity | NZ$284.90m |
Total liabilities | NZ$145.20m |
Total assets | NZ$430.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERD's short term assets (NZ$79.7M) exceed its short term liabilities (NZ$59.4M).
Long Term Liabilities: ERD's short term assets (NZ$79.7M) do not cover its long term liabilities (NZ$85.8M).
Debt to Equity History and Analysis
Debt Level: ERD's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: ERD's debt to equity ratio has reduced from 60.9% to 18.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ERD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ERD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.