Channel Infrastructure NZ Limited

NZSE:CHI Stock Report

Market Cap: NZ$559.9m

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 ratio2.9x
CashNZ$4.87m
EquityNZ$499.21m
Total liabilitiesNZ$474.24m
Total assetsNZ$973.46m

Recent financial health updates

Is New Zealand Refining (NZSE:NZR) Using Too Much Debt?

Mar 30
Is New Zealand Refining (NZSE:NZR) Using Too Much Debt?

Recent updates

Is New Zealand Refining (NZSE:NZR) Using Too Much Debt?

Mar 30
Is New Zealand Refining (NZSE:NZR) Using Too Much Debt?

NZ$1.09: That's What Analysts Think The New Zealand Refining Company Limited (NZSE:NZR) Is Worth After Its Latest Results

Feb 19
NZ$1.09: That's What Analysts Think The New Zealand Refining Company Limited (NZSE:NZR) Is Worth After Its Latest Results

What Type Of Shareholders Make Up The New Zealand Refining Company Limited's (NZSE:NZR) Share Registry?

Feb 03
What Type Of Shareholders Make Up The New Zealand Refining Company Limited's (NZSE:NZR) Share Registry?

How Much Did New Zealand Refining's(NZSE:NZR) Shareholders Earn From Share Price Movements Over The Last Five Years?

Dec 10
How Much Did New Zealand Refining's(NZSE:NZR) Shareholders Earn From Share Price Movements Over The Last Five Years?

Financial 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).


Balance Sheet


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