New Zealand King Salmon Investments Balance Sheet Health
Financial Health criteria checks 6/6
New Zealand King Salmon Investments has a total shareholder equity of NZ$190.3M and total debt of NZ$5.4M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are NZ$238.9M and NZ$48.7M respectively. New Zealand King Salmon Investments's EBIT is NZ$31.3M making its interest coverage ratio -42.2. It has cash and short-term investments of NZ$26.9M.
Key information
2.8%
Debt to equity ratio
NZ$5.42m
Debt
| Interest coverage ratio | -42.2x |
| Cash | NZ$26.91m |
| Equity | NZ$190.30m |
| Total liabilities | NZ$48.65m |
| Total assets | NZ$238.95m |
Recent financial health updates
We Think New Zealand King Salmon Investments (NZSE:NZK) Can Stay On Top Of Its Debt
Oct 30
New Zealand King Salmon Investments (NZSE:NZK) Is Making Moderate Use Of Debt
May 03Recent updates
New Zealand King Salmon Investments Limited (NZSE:NZK) Soars 33% But It's A Story Of Risk Vs Reward
Jan 17New Zealand King Salmon Investments (NZSE:NZK) Shareholders Will Want The ROCE Trajectory To Continue
Jan 04We Think New Zealand King Salmon Investments (NZSE:NZK) Can Stay On Top Of Its Debt
Oct 30Are Investors Undervaluing New Zealand King Salmon Investments Limited (NZSE:NZK) By 48%?
Sep 21We Think That There Are Some Issues For New Zealand King Salmon Investments (NZSE:NZK) Beyond Its Promising Earnings
Apr 05Calculating The Fair Value Of New Zealand King Salmon Investments Limited (NZSE:NZK)
Feb 10Calculating The Intrinsic Value Of New Zealand King Salmon Investments Limited (NZSE:NZK)
Aug 04Earnings Update: New Zealand King Salmon Investments Limited (NZSE:NZK) Just Reported And Analysts Are Trimming Their Forecasts
Apr 15New Zealand King Salmon Investments (NZSE:NZK) Is Making Moderate Use Of Debt
May 03New Zealand King Salmon Investments (NZSE:NZK) Share Prices Have Dropped 28% In The Last Three Years
Mar 17Here’s What’s Happening With Returns At New Zealand King Salmon Investments (NZSE:NZK)
Feb 10Will Weakness in New Zealand King Salmon Investments Limited's (NZSE:NZK) Stock Prove Temporary Given Strong Fundamentals?
Jan 12
How Much Of New Zealand King Salmon Investments Limited (NZSE:NZK) Do Insiders Own?
Dec 22What Type Of Returns Would New Zealand King Salmon Investments'(NZSE:NZK) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Nov 30Financial Position Analysis
Short Term Liabilities: NZK's short term assets (NZ$165.8M) exceed its short term liabilities (NZ$29.6M).
Long Term Liabilities: NZK's short term assets (NZ$165.8M) exceed its long term liabilities (NZ$19.0M).
Debt to Equity History and Analysis
Debt Level: NZK has more cash than its total debt.
Reducing Debt: NZK's debt to equity ratio has reduced from 8.4% to 2.8% over the past 5 years.
Debt Coverage: NZK's debt is well covered by operating cash flow (243.9%).
Interest Coverage: NZK earns more interest than it pays, so coverage of interest payments is not a concern.