a2 Milk Balance Sheet Health
Financial Health criteria checks 5/6
a2 Milk has a total shareholder equity of NZ$1.2B and total debt of NZ$37.9M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are NZ$1.6B and NZ$400.9M respectively. a2 Milk's EBIT is NZ$206.7M making its interest coverage ratio -7.3. It has cash and short-term investments of NZ$792.1M.
Key information
3.2%
Debt to equity ratio
NZ$37.89m
Debt
Interest coverage ratio | -7.3x |
Cash | NZ$792.10m |
Equity | NZ$1.20b |
Total liabilities | NZ$400.91m |
Total assets | NZ$1.60b |
Recent financial health updates
Is a2 Milk (NZSE:ATM) Using Too Much Debt?
Mar 09a2 Milk (NZSE:ATM) Could Easily Take On More Debt
Dec 01Is a2 Milk (NZSE:ATM) A Risky Investment?
Aug 23a2 Milk (NZSE:ATM) Seems To Use Debt Rather Sparingly
May 24Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?
Sep 25We Think a2 Milk (NZSE:ATM) Can Stay On Top Of Its Debt
Jun 21Recent updates
a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Apr 16Is a2 Milk (NZSE:ATM) Using Too Much Debt?
Mar 09The a2 Milk Company Limited's (NZSE:ATM) 28% Share Price Surge Not Quite Adding Up
Feb 07Some Confidence Is Lacking In The a2 Milk Company Limited's (NZSE:ATM) P/E
Dec 22a2 Milk (NZSE:ATM) Could Easily Take On More Debt
Dec 01We Discuss Why The a2 Milk Company Limited's (NZSE:ATM) CEO Compensation May Be Closely Reviewed
Nov 09a2 Milk (NZSE:ATM) Will Want To Turn Around Its Return Trends
Oct 31Is a2 Milk (NZSE:ATM) A Risky Investment?
Aug 23a2 Milk (NZSE:ATM) Could Be Struggling To Allocate Capital
Jul 28a2 Milk (NZSE:ATM) Seems To Use Debt Rather Sparingly
May 24Returns On Capital At a2 Milk (NZSE:ATM) Paint A Concerning Picture
Apr 25Is The a2 Milk Company Limited (NZSE:ATM) Trading At A 47% Discount?
Apr 07A Look At The Intrinsic Value Of The a2 Milk Company Limited (NZSE:ATM)
Jan 05The Returns On Capital At a2 Milk (NZSE:ATM) Don't Inspire Confidence
Dec 21Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?
Sep 25Calculating The Fair Value Of The a2 Milk Company Limited (NZSE:ATM)
Sep 11a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Aug 29We Think a2 Milk (NZSE:ATM) Can Stay On Top Of Its Debt
Jun 21Capital Allocation Trends At a2 Milk (NZSE:ATM) Aren't Ideal
May 15Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?
Feb 27a2 Milk's (NZSE:ATM) Returns On Capital Not Reflecting Well On The Business
Feb 09a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Nov 05We Like a2 Milk's (NZSE:ATM) Returns And Here's How They're Trending
Jul 29The Consensus EPS Estimates For The a2 Milk Company Limited (NZSE:ATM) Just Fell Dramatically
May 16a2 Milk (NZSE:ATM) Could Become A Multi-Bagger
Apr 28Did The a2 Milk Company Limited (NZSE:ATM) Insiders Sell Shares?
Mar 17Earnings Update: The a2 Milk Company Limited (NZSE:ATM) Just Reported And Analysts Are Trimming Their Forecasts
Feb 27The a2 Milk Company Limited's (NZSE:ATM) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Feb 12What Kind Of Investors Own Most Of The a2 Milk Company Limited (NZSE:ATM)?
Jan 30The 48% Return On Capital At a2 Milk (NZSE:ATM) Got Our Attention
Jan 17Is There More To The Story Than a2 Milk's (NZSE:ATM) Earnings Growth?
Jan 05Analysts Just Shaved Their The a2 Milk Company Limited (NZSE:ATM) Forecasts Dramatically
Dec 23Financial Position Analysis
Short Term Liabilities: ATM's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$348.2M).
Long Term Liabilities: ATM's short term assets (NZ$1.1B) exceed its long term liabilities (NZ$52.7M).
Debt to Equity History and Analysis
Debt Level: ATM has more cash than its total debt.
Reducing Debt: ATM's debt to equity ratio has increased from 0% to 3.2% over the past 5 years.
Debt Coverage: ATM's debt is well covered by operating cash flow (466.1%).
Interest Coverage: ATM earns more interest than it pays, so coverage of interest payments is not a concern.