Goodman Property Trust Balance Sheet Health
Financial Health criteria checks 1/6
Goodman Property Trust has a total shareholder equity of NZ$3.2B and total debt of NZ$1.4B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are NZ$4.8B and NZ$1.5B respectively. Goodman Property Trust's EBIT is NZ$167.9M making its interest coverage ratio 4.5. It has cash and short-term investments of NZ$5.3M.
Key information
42.6%
Debt to equity ratio
NZ$1.38b
Debt
| Interest coverage ratio | 4.5x |
| Cash | NZ$5.30m |
| Equity | NZ$3.24b |
| Total liabilities | NZ$1.53b |
| Total assets | NZ$4.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GMT's short term assets (NZ$17.9M) do not cover its short term liabilities (NZ$154.3M).
Long Term Liabilities: GMT's short term assets (NZ$17.9M) do not cover its long term liabilities (NZ$1.4B).
Debt to Equity History and Analysis
Debt Level: GMT's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: GMT's debt to equity ratio has increased from 39.6% to 42.6% over the past 5 years.
Debt Coverage: GMT's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: GMT's interest payments on its debt are well covered by EBIT (4.5x coverage).