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 ratio | 2.9x |
Cash | NZ$2.02m |
Equity | NZ$1.29b |
Total liabilities | NZ$887.78m |
Total assets | NZ$2.18b |
Recent financial health updates
No updates
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).