EROAD Balance Sheet Health
Financial Health criteria checks 5/6
EROAD has a total shareholder equity of NZ$311.8M and total debt of NZ$36.7M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are NZ$443.8M and NZ$132.0M respectively. EROAD's EBIT is NZ$3.1M making its interest coverage ratio 0.6. It has cash and short-term investments of NZ$11.3M.
Key information
11.8%
Debt to equity ratio
NZ$36.70m
Debt
| Interest coverage ratio | 0.6x |
| Cash | NZ$11.30m |
| Equity | NZ$311.80m |
| Total liabilities | NZ$132.00m |
| Total assets | NZ$443.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERD's short term assets (NZ$78.6M) exceed its short term liabilities (NZ$69.6M).
Long Term Liabilities: ERD's short term assets (NZ$78.6M) exceed its long term liabilities (NZ$62.4M).
Debt to Equity History and Analysis
Debt Level: ERD's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: ERD's debt to equity ratio has reduced from 73% to 11.8% 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 3 years 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.