Argosy Property Limited

NZSE:ARG Stock Report

Market Cap: NZ$965.8m

Argosy Property Balance Sheet Health

Financial Health criteria checks 1/6

Argosy Property has a total shareholder equity of NZ$1.3B and total debt of NZ$811.7M, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are NZ$2.2B and NZ$887.8M respectively. Argosy Property's EBIT is NZ$105.2M making its interest coverage ratio 2.9. It has cash and short-term investments of NZ$2.0M.

Key information

63.0%

Debt to equity ratio

NZ$811.70m

Debt

Interest coverage ratio2.9x
CashNZ$2.02m
EquityNZ$1.29b
Total liabilitiesNZ$887.78m
Total assetsNZ$2.18b

Recent financial health updates

No updates

Recent updates

Argosy Property Limited's (NZSE:ARG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Mar 20
Argosy Property Limited's (NZSE:ARG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Financial Position Analysis

Short Term Liabilities: ARG's short term assets (NZ$4.5M) do not cover its short term liabilities (NZ$17.3M).

Long Term Liabilities: ARG's short term assets (NZ$4.5M) do not cover its long term liabilities (NZ$870.5M).


Debt to Equity History and Analysis

Debt Level: ARG's net debt to equity ratio (62.9%) is considered high.

Reducing Debt: ARG's debt to equity ratio has reduced from 65.9% to 63% over the past 5 years.

Debt Coverage: ARG's debt is not well covered by operating cash flow (8.1%).

Interest Coverage: ARG's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


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