Asset Plus Balance Sheet Health
Financial Health criteria checks 3/6
Asset Plus has a total shareholder equity of NZ$141.8M and total debt of NZ$35.0M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are NZ$192.4M and NZ$50.6M respectively. Asset Plus's EBIT is NZ$1.0M making its interest coverage ratio 0.7. It has cash and short-term investments of NZ$4.7M.
Key information
24.7%
Debt to equity ratio
NZ$34.97m
Debt
| Interest coverage ratio | 0.7x |
| Cash | NZ$4.73m |
| Equity | NZ$141.79m |
| Total liabilities | NZ$50.57m |
| Total assets | NZ$192.35m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: APL's short term assets (NZ$74.2M) exceed its short term liabilities (NZ$2.0M).
Long Term Liabilities: APL's short term assets (NZ$74.2M) exceed its long term liabilities (NZ$48.6M).
Debt to Equity History and Analysis
Debt Level: APL's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: APL's debt to equity ratio has increased from 8.7% to 24.7% over the past 5 years.
Debt Coverage: APL's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: APL's interest payments on its debt are not well covered by EBIT (0.7x coverage).