Argosy Property Balance Sheet Health
Financial Health criteria checks 2/6
Argosy Property has a total shareholder equity of NZ$1.2B and total debt of NZ$785.2M, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are NZ$2.1B and NZ$855.8M respectively. Argosy Property's EBIT is NZ$104.7M making its interest coverage ratio 2.4. It has cash and short-term investments of NZ$1.5M.
Key information
63.6%
Debt to equity ratio
NZ$785.20m
Debt
| Interest coverage ratio | 2.4x |
| Cash | NZ$1.46m |
| Equity | NZ$1.23b |
| Total liabilities | NZ$855.81m |
| Total assets | NZ$2.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARG's short term assets (NZ$42.2M) exceed its short term liabilities (NZ$17.5M).
Long Term Liabilities: ARG's short term assets (NZ$42.2M) do not cover its long term liabilities (NZ$838.4M).
Debt to Equity History and Analysis
Debt Level: ARG's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: ARG's debt to equity ratio has reduced from 65.8% to 63.6% over the past 5 years.
Debt Coverage: ARG's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: ARG's interest payments on its debt are not well covered by EBIT (2.4x coverage).