Contact Energy Balance Sheet Health
Financial Health criteria checks 2/6
Contact Energy has a total shareholder equity of NZ$2.6B and total debt of NZ$1.9B, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are NZ$6.2B and NZ$3.6B respectively. Contact Energy's EBIT is NZ$425.0M making its interest coverage ratio 16.3. It has cash and short-term investments of NZ$229.0M.
Key information
71.2%
Debt to equity ratio
NZ$1.87b
Debt
| Interest coverage ratio | 16.3x |
| Cash | NZ$229.00m |
| Equity | NZ$2.62b |
| Total liabilities | NZ$3.59b |
| Total assets | NZ$6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEN's short term assets (NZ$652.0M) do not cover its short term liabilities (NZ$919.0M).
Long Term Liabilities: CEN's short term assets (NZ$652.0M) do not cover its long term liabilities (NZ$2.7B).
Debt to Equity History and Analysis
Debt Level: CEN's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: CEN's debt to equity ratio has increased from 38.5% to 71.2% over the past 5 years.
Debt Coverage: CEN's debt is well covered by operating cash flow (31.1%).
Interest Coverage: CEN's interest payments on its debt are well covered by EBIT (16.3x coverage).