Property For Industry Balance Sheet Health
Financial Health criteria checks 0/6
Property For Industry has a total shareholder equity of NZ$1.4B and total debt of NZ$654.1M, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are NZ$2.1B and NZ$703.6M respectively. Property For Industry's EBIT is NZ$81.8M making its interest coverage ratio 2.1. It has cash and short-term investments of NZ$1.2M.
Key information
48.1%
Debt to equity ratio
NZ$654.07m
Debt
Interest coverage ratio | 2.1x |
Cash | NZ$1.19m |
Equity | NZ$1.36b |
Total liabilities | NZ$703.61m |
Total assets | NZ$2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PFI's short term assets (NZ$41.1M) do not cover its short term liabilities (NZ$126.6M).
Long Term Liabilities: PFI's short term assets (NZ$41.1M) do not cover its long term liabilities (NZ$577.0M).
Debt to Equity History and Analysis
Debt Level: PFI's net debt to equity ratio (48%) is considered high.
Reducing Debt: PFI's debt to equity ratio has increased from 45.1% to 48.1% over the past 5 years.
Debt Coverage: PFI's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: PFI's interest payments on its debt are not well covered by EBIT (2.1x coverage).