Mercury NZ Balance Sheet Health
Financial Health criteria checks 3/6
Mercury NZ has a total shareholder equity of NZ$4.8B and total debt of NZ$2.0B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are NZ$9.5B and NZ$4.7B respectively. Mercury NZ's EBIT is NZ$408.0M making its interest coverage ratio 3.5. It has cash and short-term investments of NZ$89.0M.
Key information
42.0%
Debt to equity ratio
NZ$2.01b
Debt
Interest coverage ratio | 3.5x |
Cash | NZ$89.00m |
Equity | NZ$4.80b |
Total liabilities | NZ$4.72b |
Total assets | NZ$9.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCY's short term assets (NZ$1.0B) do not cover its short term liabilities (NZ$1.1B).
Long Term Liabilities: MCY's short term assets (NZ$1.0B) do not cover its long term liabilities (NZ$3.6B).
Debt to Equity History and Analysis
Debt Level: MCY's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: MCY's debt to equity ratio has reduced from 43.1% to 42% over the past 5 years.
Debt Coverage: MCY's debt is well covered by operating cash flow (25.6%).
Interest Coverage: MCY's interest payments on its debt are well covered by EBIT (3.5x coverage).