Third Age Health Services Balance Sheet Health
Financial Health criteria checks 5/6
Third Age Health Services has a total shareholder equity of NZ$2.7M and total debt of NZ$1.6M, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are NZ$9.4M and NZ$6.7M respectively. Third Age Health Services's EBIT is NZ$1.7M making its interest coverage ratio 3.9. It has cash and short-term investments of NZ$825.0K.
Key information
60.1%
Debt to equity ratio
NZ$1.61m
Debt
| Interest coverage ratio | 3.9x |
| Cash | NZ$825.00k |
| Equity | NZ$2.67m |
| Total liabilities | NZ$6.68m |
| Total assets | NZ$9.36m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TAH's short term assets (NZ$2.2M) exceed its short term liabilities (NZ$2.2M).
Long Term Liabilities: TAH's short term assets (NZ$2.2M) do not cover its long term liabilities (NZ$4.5M).
Debt to Equity History and Analysis
Debt Level: TAH's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: TAH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: TAH's debt is well covered by operating cash flow (80%).
Interest Coverage: TAH's interest payments on its debt are well covered by EBIT (3.9x coverage).