Genesis Energy Balance Sheet Health
Financial Health criteria checks 3/6
Genesis Energy has a total shareholder equity of NZ$2.7B and total debt of NZ$1.3B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are NZ$5.6B and NZ$3.0B respectively. Genesis Energy's EBIT is NZ$157.5M making its interest coverage ratio 2.2. It has cash and short-term investments of NZ$192.8M.
Key information
50.3%
Debt to equity ratio
NZ$1.35b
Debt
| Interest coverage ratio | 2.2x |
| Cash | NZ$192.80m |
| Equity | NZ$2.68b |
| Total liabilities | NZ$2.96b |
| Total assets | NZ$5.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNE's short term assets (NZ$845.8M) exceed its short term liabilities (NZ$716.1M).
Long Term Liabilities: GNE's short term assets (NZ$845.8M) 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 (43.1%) is considered high.
Reducing Debt: GNE's debt to equity ratio has reduced from 60.1% to 50.3% over the past 5 years.
Debt Coverage: GNE's debt is well covered by operating cash flow (32.7%).
Interest Coverage: GNE's interest payments on its debt are not well covered by EBIT (2.2x coverage).