Investore Property Balance Sheet Health
Financial Health criteria checks 2/6
Investore Property has a total shareholder equity of NZ$596.7M and total debt of NZ$398.6M, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are NZ$1.0B and NZ$418.0M respectively. Investore Property's EBIT is NZ$52.0M making its interest coverage ratio 3.1. It has cash and short-term investments of NZ$5.1M.
Key information
66.8%
Debt to equity ratio
NZ$398.58m
Debt
Interest coverage ratio | 3.1x |
Cash | NZ$5.09m |
Equity | NZ$596.71m |
Total liabilities | NZ$418.02m |
Total assets | NZ$1.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: IPL's short term assets (NZ$38.7M) do not cover its short term liabilities (NZ$111.2M).
Long Term Liabilities: IPL's short term assets (NZ$38.7M) do not cover its long term liabilities (NZ$306.8M).
Debt to Equity History and Analysis
Debt Level: IPL's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: IPL's debt to equity ratio has reduced from 73.4% to 66.8% over the past 5 years.
Debt Coverage: IPL's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: IPL's interest payments on its debt are well covered by EBIT (3.1x coverage).