Fletcher Building Balance Sheet Health
Financial Health criteria checks 3/6
Fletcher Building has a total shareholder equity of NZ$3.4B and total debt of NZ$2.2B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are NZ$8.9B and NZ$5.5B respectively. Fletcher Building's EBIT is NZ$672.0M making its interest coverage ratio 4. It has cash and short-term investments of NZ$215.0M.
Key information
64.2%
Debt to equity ratio
NZ$2.18b
Debt
Interest coverage ratio | 4x |
Cash | NZ$215.00m |
Equity | NZ$3.40b |
Total liabilities | NZ$5.52b |
Total assets | NZ$8.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLQ's short term assets (NZ$3.2B) exceed its short term liabilities (NZ$1.9B).
Long Term Liabilities: FLQ's short term assets (NZ$3.2B) do not cover its long term liabilities (NZ$3.7B).
Debt to Equity History and Analysis
Debt Level: FLQ's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: FLQ's debt to equity ratio has increased from 42.9% to 64.2% over the past 5 years.
Debt Coverage: FLQ's debt is well covered by operating cash flow (21.3%).
Interest Coverage: FLQ's interest payments on its debt are well covered by EBIT (4x coverage).