Genesis Energy Balance Sheet Health
Financial Health criteria checks 3/6
Genesis Energy has a total shareholder equity of NZ$2.5B and total debt of NZ$1.3B, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are NZ$5.2B and NZ$2.7B respectively. Genesis Energy's EBIT is NZ$165.9M making its interest coverage ratio 2.2. It has cash and short-term investments of NZ$69.5M.
Key information
51.1%
Debt to equity ratio
NZ$1.26b
Debt
Interest coverage ratio | 2.2x |
Cash | NZ$69.50m |
Equity | NZ$2.47b |
Total liabilities | NZ$2.70b |
Total assets | NZ$5.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNE's short term assets (NZ$592.7M) exceed its short term liabilities (NZ$514.7M).
Long Term Liabilities: GNE's short term assets (NZ$592.7M) do not cover its long term liabilities (NZ$2.2B).
Debt to Equity History and Analysis
Debt Level: GNE's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: GNE's debt to equity ratio has reduced from 62.8% to 51.1% over the past 5 years.
Debt Coverage: GNE's debt is well covered by operating cash flow (32.4%).
Interest Coverage: GNE's interest payments on its debt are not well covered by EBIT (2.2x coverage).