Asset Plus Balance Sheet Health
Financial Health criteria checks 3/6
Asset Plus has a total shareholder equity of NZ$141.2M and total debt of NZ$33.0M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are NZ$190.3M and NZ$49.1M respectively. Asset Plus's EBIT is NZ$1.9M making its interest coverage ratio 0.8. It has cash and short-term investments of NZ$3.7M.
Key information
23.4%
Debt to equity ratio
NZ$32.97m
Debt
| Interest coverage ratio | 0.8x |
| Cash | NZ$3.74m |
| Equity | NZ$141.21m |
| Total liabilities | NZ$49.10m |
| Total assets | NZ$190.30m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: APL's short term assets (NZ$74.3M) exceed its short term liabilities (NZ$49.1M).
Long Term Liabilities: APL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: APL's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: APL's debt to equity ratio has increased from 9.3% to 23.4% over the past 5 years.
Debt Coverage: APL's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: APL's interest payments on its debt are not well covered by EBIT (0.8x coverage).