Channel Infrastructure NZ Balance Sheet Health
Financial Health criteria checks 0/6
Channel Infrastructure NZ has a total shareholder equity of NZ$499.2M and total debt of NZ$320.6M, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are NZ$973.5M and NZ$474.2M respectively. Channel Infrastructure NZ's EBIT is NZ$51.8M making its interest coverage ratio 2.9. It has cash and short-term investments of NZ$4.9M.
Key information
64.2%
Debt to equity ratio
NZ$320.62m
Debt
Interest coverage ratio | 2.9x |
Cash | NZ$4.87m |
Equity | NZ$499.21m |
Total liabilities | NZ$474.24m |
Total assets | NZ$973.46m |
Recent financial health updates
Recent updates
Is New Zealand Refining (NZSE:NZR) Using Too Much Debt?
Mar 30NZ$1.09: That's What Analysts Think The New Zealand Refining Company Limited (NZSE:NZR) Is Worth After Its Latest Results
Feb 19What Type Of Shareholders Make Up The New Zealand Refining Company Limited's (NZSE:NZR) Share Registry?
Feb 03How Much Did New Zealand Refining's(NZSE:NZR) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 10Financial Position Analysis
Short Term Liabilities: CHI's short term assets (NZ$36.8M) do not cover its short term liabilities (NZ$98.0M).
Long Term Liabilities: CHI's short term assets (NZ$36.8M) do not cover its long term liabilities (NZ$376.3M).
Debt to Equity History and Analysis
Debt Level: CHI's net debt to equity ratio (63.3%) is considered high.
Reducing Debt: CHI's debt to equity ratio has increased from 34.5% to 64.2% over the past 5 years.
Debt Coverage: CHI's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: CHI's interest payments on its debt are not well covered by EBIT (2.9x coverage).