Mercury NZ Balance Sheet Health
Financial Health criteria checks 2/6
Mercury NZ has a total shareholder equity of NZ$4.8B and total debt of NZ$1.9B, which brings its debt-to-equity ratio to 39.7%. Its total assets and total liabilities are NZ$9.8B and NZ$4.9B respectively. Mercury NZ's EBIT is NZ$370.0M making its interest coverage ratio 2.8. It has cash and short-term investments of NZ$48.0M.
Key information
39.7%
Debt to equity ratio
NZ$1.93b
Debt
| Interest coverage ratio | 2.8x |
| Cash | NZ$48.00m |
| Equity | NZ$4.85b |
| Total liabilities | NZ$4.95b |
| Total assets | NZ$9.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRY's short term assets (NZ$1.2B) do not cover its short term liabilities (NZ$1.3B).
Long Term Liabilities: MRY's short term assets (NZ$1.2B) do not cover its long term liabilities (NZ$3.7B).
Debt to Equity History and Analysis
Debt Level: MRY's net debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: MRY's debt to equity ratio has increased from 35.6% to 39.7% over the past 5 years.
Debt Coverage: MRY's debt is well covered by operating cash flow (31.8%).
Interest Coverage: MRY's interest payments on its debt are not well covered by EBIT (2.8x coverage).