Spark New Zealand Balance Sheet Health
Financial Health criteria checks 4/6
Spark New Zealand has a total shareholder equity of NZ$1.6B and total debt of NZ$1.6B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are NZ$4.6B and NZ$3.0B respectively. Spark New Zealand's EBIT is NZ$636.0M making its interest coverage ratio 5.6. It has cash and short-term investments of NZ$59.0M.
Key information
102.5%
Debt to equity ratio
NZ$1.63b
Debt
| Interest coverage ratio | 5.6x |
| Cash | NZ$59.00m |
| Equity | NZ$1.59b |
| Total liabilities | NZ$3.05b |
| Total assets | NZ$4.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZT's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$1.1B).
Long Term Liabilities: NZT's short term assets (NZ$1.1B) do not cover its long term liabilities (NZ$2.0B).
Debt to Equity History and Analysis
Debt Level: NZT's net debt to equity ratio (98.7%) is considered high.
Reducing Debt: NZT's debt to equity ratio has reduced from 103.2% to 102.5% over the past 5 years.
Debt Coverage: NZT's debt is well covered by operating cash flow (46.9%).
Interest Coverage: NZT's interest payments on its debt are well covered by EBIT (5.6x coverage).