Tourism Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Tourism Holdings has a total shareholder equity of NZ$616.9M and total debt of NZ$502.7M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are NZ$1.5B and NZ$880.6M respectively. Tourism Holdings's EBIT is NZ$111.3M making its interest coverage ratio 2.8. It has cash and short-term investments of NZ$57.2M.
Key information
81.5%
Debt to equity ratio
NZ$502.67m
Debt
| Interest coverage ratio | 2.8x |
| Cash | NZ$57.22m |
| Equity | NZ$616.89m |
| Total liabilities | NZ$880.57m |
| Total assets | NZ$1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THL's short term assets (NZ$349.5M) exceed its short term liabilities (NZ$322.4M).
Long Term Liabilities: THL's short term assets (NZ$349.5M) do not cover its long term liabilities (NZ$558.2M).
Debt to Equity History and Analysis
Debt Level: THL's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: THL's debt to equity ratio has increased from 78.3% to 81.5% over the past 5 years.
Debt Coverage: THL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THL's interest payments on its debt are not well covered by EBIT (2.8x coverage).