NZME Balance Sheet Health
Financial Health criteria checks 4/6
NZME has a total shareholder equity of NZ$132.4M and total debt of NZ$23.5M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are NZ$290.4M and NZ$158.0M respectively. NZME's EBIT is NZ$25.5M making its interest coverage ratio 3.7. It has cash and short-term investments of NZ$5.5M.
Key information
17.7%
Debt to equity ratio
NZ$23.49m
Debt
| Interest coverage ratio | 3.7x |
| Cash | NZ$5.52m |
| Equity | NZ$132.45m |
| Total liabilities | NZ$157.95m |
| Total assets | NZ$290.40m |
Recent financial health updates
NZME (NZSE:NZM) Has A Pretty Healthy Balance Sheet
Nov 03
Is NZME (NZSE:NZM) Using Too Much Debt?
Mar 16Recent updates
Improved Earnings Required Before NZME Limited (NZSE:NZM) Stock's 27% Jump Looks Justified
Jan 01We Like These Underlying Return On Capital Trends At NZME (NZSE:NZM)
Dec 21NZME's (NZSE:NZM) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27NZME's (NZSE:NZM) Dividend Will Be NZ$0.0353
Sep 08NZME (NZSE:NZM) Is Paying Out A Dividend Of NZ$0.0353
Aug 25NZME (NZSE:NZM) Might Have The Makings Of A Multi-Bagger
Mar 25NZME (NZSE:NZM) Is Doing The Right Things To Multiply Its Share Price
Nov 21NZME (NZSE:NZM) Has A Pretty Healthy Balance Sheet
Nov 03Returns Are Gaining Momentum At NZME (NZSE:NZM)
Aug 20Is Now The Time To Look At Buying NZME Limited (NZSE:NZM)?
Jul 02NZME (NZSE:NZM) Is Looking To Continue Growing Its Returns On Capital
May 04Here's Why Shareholders May Want To Be Cautious With Increasing NZME Limited's (NZSE:NZM) CEO Pay Packet
Apr 09Is NZME (NZSE:NZM) Using Too Much Debt?
Mar 16Earnings Update: Here's Why Analysts Just Lifted Their NZME Limited (NZSE:NZM) Price Target To NZ$0.99
Feb 26How Many NZME Limited (NZSE:NZM) Shares Did Insiders Buy, In The Last Year?
Feb 14
How Much Is NZME's (NZSE:NZM) CEO Getting Paid?
Dec 21Here's What NZME Limited's (NZSE:NZM) Shareholder Ownership Structure Looks Like
Nov 30Financial Position Analysis
Short Term Liabilities: NZM's short term assets (NZ$55.7M) do not cover its short term liabilities (NZ$61.7M).
Long Term Liabilities: NZM's short term assets (NZ$55.7M) do not cover its long term liabilities (NZ$96.3M).
Debt to Equity History and Analysis
Debt Level: NZM's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: NZM's debt to equity ratio has reduced from 38.4% to 17.7% over the past 5 years.
Debt Coverage: NZM's debt is well covered by operating cash flow (176.7%).
Interest Coverage: NZM's interest payments on its debt are well covered by EBIT (3.7x coverage).