Freightways Group Balance Sheet Health
Financial Health criteria checks 3/6
Freightways Group has a total shareholder equity of NZ$489.7M and total debt of NZ$285.7M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are NZ$1.4B and NZ$932.4M respectively. Freightways Group's EBIT is NZ$132.9M making its interest coverage ratio 4.1. It has cash and short-term investments of NZ$34.1M.
Key information
58.3%
Debt to equity ratio
NZ$285.71m
Debt
Interest coverage ratio | 4.1x |
Cash | NZ$34.09m |
Equity | NZ$489.67m |
Total liabilities | NZ$932.44m |
Total assets | NZ$1.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRW's short term assets (NZ$219.8M) do not cover its short term liabilities (NZ$230.8M).
Long Term Liabilities: FRW's short term assets (NZ$219.8M) do not cover its long term liabilities (NZ$701.6M).
Debt to Equity History and Analysis
Debt Level: FRW's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: FRW's debt to equity ratio has reduced from 62.3% to 58.3% over the past 5 years.
Debt Coverage: FRW's debt is well covered by operating cash flow (47%).
Interest Coverage: FRW's interest payments on its debt are well covered by EBIT (4.1x coverage).