Port of Tauranga Balance Sheet Health
Financial Health criteria checks 4/6
Port of Tauranga has a total shareholder equity of NZ$2.1B and total debt of NZ$496.0M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are NZ$2.8B and NZ$714.6M respectively. Port of Tauranga's EBIT is NZ$153.5M making its interest coverage ratio 7.1. It has cash and short-term investments of NZ$20.4M.
Key information
23.4%
Debt to equity ratio
NZ$495.97m
Debt
Interest coverage ratio | 7.1x |
Cash | NZ$20.37m |
Equity | NZ$2.12b |
Total liabilities | NZ$714.60m |
Total assets | NZ$2.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKF1's short term assets (NZ$87.5M) do not cover its short term liabilities (NZ$343.7M).
Long Term Liabilities: PKF1's short term assets (NZ$87.5M) do not cover its long term liabilities (NZ$370.9M).
Debt to Equity History and Analysis
Debt Level: PKF1's net debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: PKF1's debt to equity ratio has reduced from 43.2% to 23.4% over the past 5 years.
Debt Coverage: PKF1's debt is well covered by operating cash flow (28.7%).
Interest Coverage: PKF1's interest payments on its debt are well covered by EBIT (7.1x coverage).