Auckland International Airport Balance Sheet Health
Financial Health criteria checks 3/6
Auckland International Airport has a total shareholder equity of NZ$8.6B and total debt of NZ$2.7B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are NZ$12.4B and NZ$3.8B respectively. Auckland International Airport's EBIT is NZ$434.0M making its interest coverage ratio 6.7. It has cash and short-term investments of NZ$220.7M.
Key information
31.5%
Debt to equity ratio
NZ$2.71b
Debt
| Interest coverage ratio | 6.7x |
| Cash | NZ$220.70m |
| Equity | NZ$8.61b |
| Total liabilities | NZ$3.81b |
| Total assets | NZ$12.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BZTA's short term assets (NZ$303.2M) do not cover its short term liabilities (NZ$565.9M).
Long Term Liabilities: BZTA's short term assets (NZ$303.2M) do not cover its long term liabilities (NZ$3.2B).
Debt to Equity History and Analysis
Debt Level: BZTA's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: BZTA's debt to equity ratio has reduced from 37.8% to 31.5% over the past 5 years.
Debt Coverage: BZTA's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: BZTA's interest payments on its debt are well covered by EBIT (6.7x coverage).