The a2 Milk Company Limited

NZSE:ATM Stock Report

Market Cap: NZ$8.2b

a2 Milk Balance Sheet Health

Financial Health criteria checks 6/6

a2 Milk has a total shareholder equity of NZ$1.4B and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$1.8B and NZ$459.5M respectively. a2 Milk's EBIT is NZ$268.6M making its interest coverage ratio -8.2. It has cash and short-term investments of NZ$896.9M.

Key information

0%

Debt to equity ratio

NZ$0

Debt

Interest coverage ratio-8.2x
CashNZ$896.88m
EquityNZ$1.39b
Total liabilitiesNZ$459.50m
Total assetsNZ$1.85b

Recent financial health updates

We Think a2 Milk (NZSE:ATM) Can Manage Its Debt With Ease

Sep 17
We Think a2 Milk (NZSE:ATM) Can Manage Its Debt With Ease

Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

May 21
Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

Recent updates

The a2 Milk Company Limited (NZSE:ATM) Just Reported And Analysts Have Been Lifting Their Price Targets

Feb 18
The a2 Milk Company Limited (NZSE:ATM) Just Reported And Analysts Have Been Lifting Their Price Targets

The a2 Milk Company Limited's (NZSE:ATM) Price Is Out Of Tune With Earnings

Dec 15
The a2 Milk Company Limited's (NZSE:ATM) Price Is Out Of Tune With Earnings

Shareholders Will Probably Hold Off On Increasing The a2 Milk Company Limited's (NZSE:ATM) CEO Compensation For The Time Being

Nov 13
Shareholders Will Probably Hold Off On Increasing The a2 Milk Company Limited's (NZSE:ATM) CEO Compensation For The Time Being

Here's Why a2 Milk (NZSE:ATM) Has Caught The Eye Of Investors

Oct 29
Here's Why a2 Milk (NZSE:ATM) Has Caught The Eye Of Investors

We Think a2 Milk (NZSE:ATM) Can Manage Its Debt With Ease

Sep 17
We Think a2 Milk (NZSE:ATM) Can Manage Its Debt With Ease

The The a2 Milk Company Limited (NZSE:ATM) Full-Year Results Are Out And Analysts Have Published New Forecasts

Aug 20
The The a2 Milk Company Limited (NZSE:ATM) Full-Year Results Are Out And Analysts Have Published New Forecasts

a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital

Aug 04
a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital

The a2 Milk Company Limited's (NZSE:ATM) P/E Is On The Mark

Jul 18
The a2 Milk Company Limited's (NZSE:ATM) P/E Is On The Mark

Here's Why We Think a2 Milk (NZSE:ATM) Is Well Worth Watching

Jun 17
Here's Why We Think a2 Milk (NZSE:ATM) Is Well Worth Watching

Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

May 21
Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?

Is The a2 Milk Company Limited (NZSE:ATM) Trading At A 38% Discount?

Apr 23
Is The a2 Milk Company Limited (NZSE:ATM) Trading At A 38% Discount?

a2 Milk (NZSE:ATM) Might Be Having Difficulty Using Its Capital Effectively

Apr 10
a2 Milk (NZSE:ATM) Might Be Having Difficulty Using Its Capital Effectively
User avatar

Supply Constraints And Capital Costs Will Weigh On Earnings, But New Products May Improve Future Prospects

The company's expansion and reliance on costly air freight impact margins and could pressure revenue if investment returns disappoint.

Should You Be Adding a2 Milk (NZSE:ATM) To Your Watchlist Today?

Mar 11
Should You Be Adding a2 Milk (NZSE:ATM) To Your Watchlist Today?

Financial Position Analysis

Short Term Liabilities: ATM's short term assets (NZ$1.3B) exceed its short term liabilities (NZ$432.3M).

Long Term Liabilities: ATM's short term assets (NZ$1.3B) exceed its long term liabilities (NZ$27.2M).

Debt to Equity History and Analysis

Debt Level: ATM is debt free.

Reducing Debt: ATM had no debt 5 years ago.

Debt Coverage: ATM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ATM has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 01:22
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The a2 Milk Company Limited is covered by 19 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KierathBarrenjoey Markets Pty Limited
Jonathan SnapeBell Potter
Josephine FordeBofA Global Research