Air New Zealand Balance Sheet Health
Financial Health criteria checks 4/6
Air New Zealand has a total shareholder equity of NZ$2.0B and total debt of NZ$1.6B, which brings its debt-to-equity ratio to 77.2%. Its total assets and total liabilities are NZ$8.8B and NZ$6.7B respectively. Air New Zealand's EBIT is NZ$466.0M making its interest coverage ratio 15. It has cash and short-term investments of NZ$1.7B.
Key information
77.2%
Debt to equity ratio
NZ$1.55b
Debt
Interest coverage ratio | 15x |
Cash | NZ$1.67b |
Equity | NZ$2.01b |
Total liabilities | NZ$6.74b |
Total assets | NZ$8.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIZ's short term assets (NZ$2.7B) do not cover its short term liabilities (NZ$3.6B).
Long Term Liabilities: AIZ's short term assets (NZ$2.7B) do not cover its long term liabilities (NZ$3.2B).
Debt to Equity History and Analysis
Debt Level: AIZ has more cash than its total debt.
Reducing Debt: AIZ's debt to equity ratio has reduced from 135% to 77.2% over the past 5 years.
Debt Coverage: AIZ's debt is well covered by operating cash flow (83.3%).
Interest Coverage: AIZ's interest payments on its debt are well covered by EBIT (15x coverage).