Chorus Balance Sheet Health
Financial Health criteria checks 0/6
Chorus has a total shareholder equity of NZ$841.0M and total debt of NZ$3.4B, which brings its debt-to-equity ratio to 409.3%. Its total assets and total liabilities are NZ$6.0B and NZ$5.2B respectively. Chorus's EBIT is NZ$249.0M making its interest coverage ratio 1.1. It has cash and short-term investments of NZ$45.0M.
Key information
409.3%
Debt to equity ratio
NZ$3.44b
Debt
| Interest coverage ratio | 1.1x |
| Cash | NZ$45.00m |
| Equity | NZ$841.00m |
| Total liabilities | NZ$5.17b |
| Total assets | NZ$6.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNU's short term assets (NZ$200.0M) do not cover its short term liabilities (NZ$540.0M).
Long Term Liabilities: CNU's short term assets (NZ$200.0M) do not cover its long term liabilities (NZ$4.6B).
Debt to Equity History and Analysis
Debt Level: CNU's net debt to equity ratio (403.9%) is considered high.
Reducing Debt: CNU's debt to equity ratio has increased from 293.7% to 409.3% over the past 5 years.
Debt Coverage: CNU's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: CNU's interest payments on its debt are not well covered by EBIT (1.1x coverage).