Kiwi Property Group Balance Sheet Health
Financial Health criteria checks 1/6
Kiwi Property Group has a total shareholder equity of NZ$1.9B and total debt of NZ$1.1B, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are NZ$3.1B and NZ$1.3B respectively. Kiwi Property Group's EBIT is NZ$161.1M making its interest coverage ratio 3.9. It has cash and short-term investments of NZ$17.9M.
Key information
59.1%
Debt to equity ratio
NZ$1.11b
Debt
Interest coverage ratio | 3.9x |
Cash | NZ$17.92m |
Equity | NZ$1.87b |
Total liabilities | NZ$1.27b |
Total assets | NZ$3.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KPG's short term assets (NZ$27.7M) do not cover its short term liabilities (NZ$62.7M).
Long Term Liabilities: KPG's short term assets (NZ$27.7M) do not cover its long term liabilities (NZ$1.2B).
Debt to Equity History and Analysis
Debt Level: KPG's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: KPG's debt to equity ratio has increased from 45.7% to 59.1% over the past 5 years.
Debt Coverage: KPG's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: KPG's interest payments on its debt are well covered by EBIT (3.9x coverage).