Meridian Energy Balance Sheet Health
Financial Health criteria checks 5/6
Meridian Energy has a total shareholder equity of NZ$8.2B and total debt of NZ$1.3B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are NZ$13.5B and NZ$5.3B respectively. Meridian Energy's EBIT is NZ$673.0M making its interest coverage ratio 11. It has cash and short-term investments of NZ$221.0M.
Key information
16.3%
Debt to equity ratio
NZ$1.35b
Debt
| Interest coverage ratio | 11x |
| Cash | NZ$221.00m |
| Equity | NZ$8.25b |
| Total liabilities | NZ$5.30b |
| Total assets | NZ$13.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 15M1's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$1.0B).
Long Term Liabilities: 15M1's short term assets (NZ$1.1B) do not cover its long term liabilities (NZ$4.3B).
Debt to Equity History and Analysis
Debt Level: 15M1's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: 15M1's debt to equity ratio has reduced from 26.9% to 16.3% over the past 5 years.
Debt Coverage: 15M1's debt is well covered by operating cash flow (49.5%).
Interest Coverage: 15M1's interest payments on its debt are well covered by EBIT (11x coverage).