New Zealand Energy Balance Sheet Health
Financial Health criteria checks 4/6
New Zealand Energy has a total shareholder equity of CA$3.6M and total debt of CA$2.5M, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are CA$15.3M and CA$11.7M respectively.
Key information
69.2%
Debt to equity ratio
CA$2.49m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.18m |
Equity | CA$3.60m |
Total liabilities | CA$11.67m |
Total assets | CA$15.27m |
Financial Position Analysis
Short Term Liabilities: NZ's short term assets (CA$2.3M) exceed its short term liabilities (CA$1.3M).
Long Term Liabilities: NZ's short term assets (CA$2.3M) do not cover its long term liabilities (CA$10.4M).
Debt to Equity History and Analysis
Debt Level: NZ's net debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: NZ's debt to equity ratio has increased from 0% to 69.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NZ has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NZ is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.