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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCKPA's short term assets (NZ$186.7M) exceed its short term liabilities (NZ$50.2M).
Long Term Liabilities: MCKPA's short term assets (NZ$186.7M) exceed its long term liabilities (NZ$34.1M).
Debt to Equity History and Analysis
Debt Level: MCKPA has more cash than its total debt.
Reducing Debt: MCKPA's debt to equity ratio has reduced from 8.8% to 1.8% over the past 5 years.
Debt Coverage: MCKPA's debt is well covered by operating cash flow (164.5%).
Interest Coverage: MCKPA earns more interest than it pays, so coverage of interest payments is not a concern.