Scales Balance Sheet Health
Financial Health criteria checks 5/6
Scales has a total shareholder equity of NZ$403.7M and total debt of NZ$121.8M, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are NZ$739.8M and NZ$336.1M respectively. Scales's EBIT is NZ$57.7M making its interest coverage ratio 12.7. It has cash and short-term investments of NZ$40.7M.
Key information
30.2%
Debt to equity ratio
NZ$121.77m
Debt
| Interest coverage ratio | 12.7x |
| Cash | NZ$40.68m |
| Equity | NZ$403.71m |
| Total liabilities | NZ$336.11m |
| Total assets | NZ$739.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S05's short term assets (NZ$300.6M) exceed its short term liabilities (NZ$158.6M).
Long Term Liabilities: S05's short term assets (NZ$300.6M) exceed its long term liabilities (NZ$177.5M).
Debt to Equity History and Analysis
Debt Level: S05's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: S05's debt to equity ratio has increased from 18.4% to 30.2% over the past 5 years.
Debt Coverage: S05's debt is well covered by operating cash flow (70.7%).
Interest Coverage: S05's interest payments on its debt are well covered by EBIT (12.7x coverage).