Meridian Energy Balance Sheet Health
Financial Health criteria checks 3/6
Meridian Energy has a total shareholder equity of NZ$5.9B and total debt of NZ$1.4B, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are NZ$10.2B and NZ$4.3B respectively. Meridian Energy's EBIT is NZ$168.0M making its interest coverage ratio 2.5. It has cash and short-term investments of NZ$221.0M.
Key information
23.6%
Debt to equity ratio
NZ$1.39b
Debt
Interest coverage ratio | 2.5x |
Cash | NZ$221.00m |
Equity | NZ$5.89b |
Total liabilities | NZ$4.31b |
Total assets | NZ$10.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEZ's short term assets (NZ$959.0M) do not cover its short term liabilities (NZ$1.0B).
Long Term Liabilities: MEZ's short term assets (NZ$959.0M) do not cover its long term liabilities (NZ$3.3B).
Debt to Equity History and Analysis
Debt Level: MEZ's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: MEZ's debt to equity ratio has reduced from 33.5% to 23.6% over the past 5 years.
Debt Coverage: MEZ's debt is well covered by operating cash flow (39.3%).
Interest Coverage: MEZ's interest payments on its debt are not well covered by EBIT (2.5x coverage).