Air New Zealand Limited
DB:BZU Stock Report
Air New Zealand Balance Sheet Health
Financial Health criteria checks 4/6 Air New Zealand has a total shareholder equity of NZ$2.0B and total debt of NZ$1.4B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are NZ$8.5B and NZ$6.5B respectively. Air New Zealand's EBIT is NZ$228.0M making its interest coverage ratio 6.9. It has cash and short-term investments of NZ$1.3B.
Key information
69.3%
Debt to equity ratio
Interest coverage ratio 6.9x Cash NZ$1.28b Equity NZ$2.01b Total liabilities NZ$6.54b Total assets NZ$8.55b
Recent financial health updates
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Insufficient new directors Nov 01
Air New Zealand Limited Announces Step Down of Leanne Geraghty as Chief Customer and Sales Officer, Effective January 2025 Oct 18
New minor risk - Profit margin trend Sep 02
Full year 2024 earnings released: EPS: NZ$0.043 (vs NZ$0.12 in FY 2023) Aug 29
Paul Goulter, Director to Retire from the Board of Air New Zealand Jul 26
Air New Zealand Limited, Annual General Meeting, Sep 26, 2024 Jul 12
Upcoming dividend of NZ$0.02 per share Feb 29
First half 2024 earnings released: EPS: NZ$0.038 (vs NZ$0.063 in 1H 2023) Feb 23
New major risk - Revenue and earnings growth Feb 19 Air New Zealand Limited Revises Earnings Guidance for the First Half of Fiscal Year 2024 Dec 13
Air New Zealand Limited Provides Earnings Guidance for First Half of 2024 Oct 12 Air New Zealand Limited to Report Fiscal Year 2024 Results on Aug 22, 2024
Upcoming dividend of NZ$0.071 per share Aug 31
New major risk - Revenue and earnings growth Aug 29
Air New Zealand Limited, Annual General Meeting, Sep 26, 2023 Aug 25 Air New Zealand Limited Declares Special Dividend for the Financial Year 2023, Payable on 21 September 2023 Aug 24
Full year 2023 earnings released: EPS: NZ$0.12 (vs NZ$0.41 loss in FY 2022) Aug 24
Independent Chairman recently bought €69k worth of stock Mar 09
First half 2023 earnings released: EPS: NZ$0.063 (vs NZ$0.24 loss in 1H 2022) Feb 24
High number of new directors Nov 16
Air New Zealand Limited Provides Earnings Forecast for the First Half of the Financial Year 2023 Sep 21
Air New Zealand Limited Confirms Appointment of Kiri Hannifin as Chief Sustainability Officer, Effective 7 November 2022 Sep 20
Air New Zealand Denies Talk of Virgin Australia Merger Sep 17 Air New Zealand Limited to Report Fiscal Year 2023 Results on Aug 24, 2023
Full year 2022 earnings released: NZ$0.41 loss per share (vs NZ$0.26 loss in FY 2021) Aug 26
Air New Zealand Limited, Annual General Meeting, Sep 22, 2022 Aug 24
Air New Zealand Limited to Report Fiscal Year 2022 Results on Aug 25, 2022 Jul 05
Independent Non-Executive Director recently bought €54k worth of stock Jun 21
Independent Non-Executive Director recently bought €310k worth of stock Jun 13
Air New Zealand Limited Updates Earnings Guidance for the Fiscal Year 2022 Jun 10
Air New Zealand Appoints Kiri Hannifin as Its Chief Sustainability Officer Jun 07
Independent Chairman recently bought €88k worth of stock May 17 Air New Zealand Limited Provides Earnings Guidance for the Year 2022 May 10
Air New Zealand Limited has completed a Follow-on Equity Offering in the amount of NZD 1.19038 billion. May 04
High number of new directors Apr 27
Insider recently sold €70k worth of stock Apr 09
Air New Zealand Awards International Cargo Flights to March Mar 28
First half 2022 earnings: EPS in line with expectations, revenues disappoint Feb 26
High number of new and inexperienced directors Nov 27
Air New Zealand Launches Temporary Service to Kerikeri Sep 11
Full year 2021 earnings released: NZ$0.26 loss per share (vs NZ$0.40 loss in FY 2020) Aug 26
Air New Zealand Announces Resignation of Jennifer Sepull as Chief Digital Officer Mar 15
First half 2021 earnings released: NZ$0.064 loss per share (vs NZ$0.09 profit in 1H 2020) Mar 02
Revenue beats expectations Feb 26
Air New Zealand Reconfirms New Zealand Government Air Travel Contract Feb 25
New 90-day low: €0.91 Feb 21
Air New Zealand Limited to Report First Half, 2021 Results on Feb 25, 2021 Feb 17
Free Bird Institute Ltd Contracts with Air New Zealand Limited to Charter Aircraft Feb 03
Chief People Officer has left the company Feb 03
Air New Zealand Announces Chief Financial Officer Changes Nov 17
Air New Zealand Appoints Richard Thomson as Chief Financial Officer Nov 12
New 90-day high: €0.93 Nov 09 Air New Zealand Limited, Annual General Meeting, Sep 23, 2021
Consultant recently sold €112k worth of stock Oct 29 Air New Zealand Limited Announces Retirement of Jeff McDowall as Chief Financial Officer
New 90-day low: €0.70 Sep 22
Insider recently sold €83k worth of stock Sep 20
Insider recently sold €62.4k worth of stock Sep 09
Insider recently sold €169.6k worth of stock Sep 03
Air New Zealand Limited Not to Declare A Final Dividend for the Year 2020 Aug 28
Full year earnings released - €0.40 loss per share Aug 28
Financial Position Analysis
Short Term Liabilities: BZU's short term assets (NZ$2.4B) do not cover its short term liabilities (NZ$3.6B).
Long Term Liabilities: BZU's short term assets (NZ$2.4B) do not cover its long term liabilities (NZ$2.9B).
Debt to Equity History and Analysis
Debt Level: BZU's net debt to equity ratio (5.7%) is considered satisfactory .
Reducing Debt: BZU's debt to equity ratio has reduced from 75.8% to 69.3% over the past 5 years.
Debt Coverage: BZU's debt is well covered by operating cash flow (58.1%).
Interest Coverage: BZU's interest payments on its debt are well covered by EBIT (6.9x coverage).
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