Millennium & Copthorne Hotels New Zealand Balance Sheet Health
Financial Health criteria checks 6/6
Millennium & Copthorne Hotels New Zealand has a total shareholder equity of NZ$662.5M and total debt of NZ$12.0M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are NZ$746.8M and NZ$84.3M respectively. Millennium & Copthorne Hotels New Zealand's EBIT is NZ$31.8M making its interest coverage ratio -5.6. It has cash and short-term investments of NZ$75.3M.
Key information
1.8%
Debt to equity ratio
NZ$11.97m
Debt
| Interest coverage ratio | -5.6x |
| Cash | NZ$75.33m |
| Equity | NZ$662.45m |
| Total liabilities | NZ$84.34m |
| Total assets | NZ$746.79m |
Recent financial health updates
Recent updates
Millennium & Copthorne Hotels New Zealand Limited (NZSE:MCK) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 04
Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Is Reinvesting At Lower Rates Of Return
May 12Shareholders Of Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Must Be Happy With Their 63% Return
Mar 20Are Millennium & Copthorne Hotels New Zealand's (NZSE:MCK) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Feb 21Returns On Capital - An Important Metric For Millennium & Copthorne Hotels New Zealand (NZSE:MCK)
Jan 23
Here's Why Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Can Manage Its Debt Responsibly
Dec 27Why Millennium & Copthorne Hotels New Zealand Limited (NZSE:MCK) Is A Dividend Rockstar
Nov 30Financial Position Analysis
Short Term Liabilities: MCK's short term assets (NZ$186.7M) exceed its short term liabilities (NZ$50.2M).
Long Term Liabilities: MCK's short term assets (NZ$186.7M) exceed its long term liabilities (NZ$34.1M).
Debt to Equity History and Analysis
Debt Level: MCK has more cash than its total debt.
Reducing Debt: MCK's debt to equity ratio has reduced from 8.8% to 1.8% over the past 5 years.
Debt Coverage: MCK's debt is well covered by operating cash flow (164.5%).
Interest Coverage: MCK earns more interest than it pays, so coverage of interest payments is not a concern.