Tower Balance Sheet Health
Financial Health criteria checks 5/6
Tower has a total shareholder equity of NZ$360.2M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$635.1M and NZ$275.0M respectively. Tower's EBIT is NZ$103.5M making its interest coverage ratio 117.4. It has cash and short-term investments of NZ$64.7M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | 117.4x |
| Cash | NZ$64.69m |
| Equity | NZ$360.16m |
| Total liabilities | NZ$274.99m |
| Total assets | NZ$635.15m |
Recent financial health updates
No updates
Recent updates
Investors Still Aren't Entirely Convinced By Tower Limited's (NZSE:TWR) Earnings Despite 26% Price Jump
Jul 31
Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)
Apr 16Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?
Feb 21Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares
Mar 03Do Institutions Own Tower Limited (NZSE:TWR) Shares?
Feb 17Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.
Jan 24Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Dec 30
Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?
Dec 09Financial Position Analysis
Short Term Liabilities: TWR's short term assets (NZ$128.5M) do not cover its short term liabilities (NZ$228.1M).
Long Term Liabilities: TWR's short term assets (NZ$128.5M) exceed its long term liabilities (NZ$46.9M).
Debt to Equity History and Analysis
Debt Level: TWR is debt free.
Reducing Debt: TWR has no debt compared to 5 years ago when its debt to equity ratio was 5.1%.
Debt Coverage: TWR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TWR has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 10:43 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Tower Limited is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nigel Pittaway | Citigroup Inc |
| Andrew Adams | Credit Suisse |
| Lindsay James | Forsyth Barr Group Ltd. |