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$645.0M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$738.5M and NZ$93.6M respectively. Millennium & Copthorne Hotels New Zealand's EBIT is NZ$42.9M making its interest coverage ratio -9.9. It has cash and short-term investments of NZ$62.2M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | -9.9x |
| Cash | NZ$62.17m |
| Equity | NZ$644.96m |
| Total liabilities | NZ$93.57m |
| Total assets | NZ$738.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCKPA's short term assets (NZ$156.0M) exceed its short term liabilities (NZ$34.0M).
Long Term Liabilities: MCKPA's short term assets (NZ$156.0M) exceed its long term liabilities (NZ$59.6M).
Debt to Equity History and Analysis
Debt Level: MCKPA is debt free.
Reducing Debt: MCKPA has no debt compared to 5 years ago when its debt to equity ratio was 10.4%.
Debt Coverage: MCKPA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MCKPA has no debt, therefore coverage of interest payments is not a concern.