Chorus Balance Sheet Health
Financial Health criteria checks 0/6
Chorus has a total shareholder equity of NZ$919.0M and total debt of NZ$3.4B, which brings its debt-to-equity ratio to 369.6%. Its total assets and total liabilities are NZ$6.1B and NZ$5.2B respectively. Chorus's EBIT is NZ$246.0M making its interest coverage ratio 1.1. It has cash and short-term investments of NZ$87.0M.
Key information
369.6%
Debt to equity ratio
NZ$3.40b
Debt
Interest coverage ratio | 1.1x |
Cash | NZ$87.00m |
Equity | NZ$919.00m |
Total liabilities | NZ$5.20b |
Total assets | NZ$6.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNU's short term assets (NZ$239.0M) do not cover its short term liabilities (NZ$430.0M).
Long Term Liabilities: CNU's short term assets (NZ$239.0M) do not cover its long term liabilities (NZ$4.8B).
Debt to Equity History and Analysis
Debt Level: CNU's net debt to equity ratio (360.2%) is considered high.
Reducing Debt: CNU's debt to equity ratio has increased from 273.6% to 369.6% over the past 5 years.
Debt Coverage: CNU's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: CNU's interest payments on its debt are not well covered by EBIT (1.1x coverage).