New Zealand Energy Balance Sheet Health
Financial Health criteria checks 3/6
New Zealand Energy has a total shareholder equity of CA$6.3M and total debt of CA$2.6M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CA$18.1M and CA$11.8M respectively.
Key information
41.2%
Debt to equity ratio
CA$2.59m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.80m |
| Equity | CA$6.28m |
| Total liabilities | CA$11.81m |
| Total assets | CA$18.09m |
Recent financial health updates
New Zealand Energy (CVE:NZ) Has Debt But No Earnings; Should You Worry?
Aug 31
Does New Zealand Energy (CVE:NZ) Have A Healthy Balance Sheet?
Mar 09Is New Zealand Energy (CVE:NZ) Using Debt In A Risky Way?
Jan 07Recent updates
New Zealand Energy (CVE:NZ) Has Debt But No Earnings; Should You Worry?
Aug 31New Zealand Energy's (CVE:NZ) Robust Profit May Be Overstating Its True Earnings Potential
May 05Does New Zealand Energy (CVE:NZ) Have A Healthy Balance Sheet?
Mar 09Is New Zealand Energy (CVE:NZ) Using Debt In A Risky Way?
Jan 07Financial Position Analysis
Short Term Liabilities: NZ's short term assets (CA$5.0M) exceed its short term liabilities (CA$1.5M).
Long Term Liabilities: NZ's short term assets (CA$5.0M) do not cover its long term liabilities (CA$10.3M).
Debt to Equity History and Analysis
Debt Level: NZ has more cash than its total debt.
Reducing Debt: NZ's debt to equity ratio has increased from 0% to 41.2% 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 more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NZ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.