Smartpay Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Smartpay Holdings has a total shareholder equity of NZ$45.9M and total debt of NZ$9.5M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are NZ$114.1M and NZ$68.2M respectively. Smartpay Holdings's EBIT is NZ$10.3M making its interest coverage ratio 13.7. It has cash and short-term investments of NZ$19.0M.
Key information
20.7%
Debt to equity ratio
NZ$9.50m
Debt
| Interest coverage ratio | 13.7x |
| Cash | NZ$19.05m |
| Equity | NZ$45.90m |
| Total liabilities | NZ$68.16m |
| Total assets | NZ$114.06m |
Recent financial health updates
Smartpay Holdings (NZSE:SPY) Is Carrying A Fair Bit Of Debt
May 30
We Think Smartpay Holdings (NZSE:SPY) Can Stay On Top Of Its Debt
Jan 21Recent updates
Should You Be Adding Smartpay Holdings (NZSE:SPY) To Your Watchlist Today?
Oct 20Does Smartpay Holdings (NZSE:SPY) Deserve A Spot On Your Watchlist?
Jun 02We Think That There Are Issues Underlying Smartpay Holdings' (NZSE:SPY) Earnings
Jun 06Smartpay Holdings (NZSE:SPY) Is Carrying A Fair Bit Of Debt
May 30Have Insiders Been Buying Smartpay Holdings Limited (NZSE:SPY) Shares?
Mar 21Is Smartpay Holdings Limited's (NZSE:SPY) Shareholder Ownership Skewed Towards Insiders?
Feb 22We Think Smartpay Holdings (NZSE:SPY) Can Stay On Top Of Its Debt
Jan 21Smartpay Holdings' (NZSE:SPY) Wonderful 462% Share Price Increase Shows How Capitalism Can Build Wealth
Dec 26
Bradley Gerdis Is The Executive Officer of Smartpay Holdings Limited (NZSE:SPY) And They Just Picked Up 1.1% More Shares
Nov 30What Type Of Shareholders Own The Most Number of Smartpay Holdings Limited (NZSE:SPY) Shares?
Nov 23Financial Position Analysis
Short Term Liabilities: SPY's short term assets (NZ$57.3M) exceed its short term liabilities (NZ$54.5M).
Long Term Liabilities: SPY's short term assets (NZ$57.3M) exceed its long term liabilities (NZ$13.7M).
Debt to Equity History and Analysis
Debt Level: SPY has more cash than its total debt.
Reducing Debt: SPY's debt to equity ratio has reduced from 191.8% to 20.7% over the past 5 years.
Debt Coverage: SPY's debt is well covered by operating cash flow (184.1%).
Interest Coverage: SPY's interest payments on its debt are well covered by EBIT (13.7x coverage).