Smartpay Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Smartpay Holdings has a total shareholder equity of NZ$52.4M and total debt of NZ$9.0M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are NZ$151.6M and NZ$99.2M respectively. Smartpay Holdings's EBIT is NZ$10.6M making its interest coverage ratio 19.3. It has cash and short-term investments of NZ$20.2M.
Key information
17.2%
Debt to equity ratio
NZ$9.00m
Debt
| Interest coverage ratio | 19.3x |
| Cash | NZ$20.24m |
| Equity | NZ$52.40m |
| Total liabilities | NZ$99.18m |
| Total assets | NZ$151.58m |
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
Some Shareholders Feeling Restless Over Smartpay Holdings Limited's (NZSE:SPY) P/E Ratio
Aug 22We Think Shareholders Will Probably Be Generous With Smartpay Holdings Limited's (NZSE:SPY) CEO Compensation
Jul 05Should 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$81.9M) exceed its short term liabilities (NZ$81.8M).
Long Term Liabilities: SPY's short term assets (NZ$81.9M) exceed its long term liabilities (NZ$17.4M).
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 212.5% to 17.2% over the past 5 years.
Debt Coverage: SPY's debt is well covered by operating cash flow (215.9%).
Interest Coverage: SPY's interest payments on its debt are well covered by EBIT (19.3x coverage).