Stride Property Group Balance Sheet Health

Financial Health criteria checks 2/6

Stride Property Group has a total shareholder equity of NZ$1.0B and total debt of NZ$439.4M, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are NZ$1.5B and NZ$487.4M respectively. Stride Property Group's EBIT is NZ$22.7M making its interest coverage ratio 1.2. It has cash and short-term investments of NZ$15.9M.

Key information

43.3%

Debt to equity ratio

NZ$439.44m

Debt

Interest coverage ratio1.2x
CashNZ$15.95m
EquityNZ$1.02b
Total liabilitiesNZ$487.36m
Total assetsNZ$1.50b

Recent financial health updates

No updates

Recent updates

Analysts Just Made A Sizeable Upgrade To Their Stride Stapled Group (NZSE:SPG) Forecasts

May 31
Analysts Just Made A Sizeable Upgrade To Their Stride Stapled Group (NZSE:SPG) Forecasts

Stride Stapled Group's (NZSE:SPG) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

Feb 17
Stride Stapled Group's (NZSE:SPG) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

How Should Investors React To Stride Stapled Group's (NZSE:SPG) CEO Pay?

Jan 07
How Should Investors React To Stride Stapled Group's (NZSE:SPG) CEO Pay?

News Flash: Analysts Just Made A Notable Upgrade To Their Stride Stapled Group (NZSE:SPG) Forecasts

Dec 03
News Flash: Analysts Just Made A Notable Upgrade To Their Stride Stapled Group (NZSE:SPG) Forecasts

Did You Participate In Any Of Stride Stapled Group's (NZSE:SPG) Respectable 62% Return?

Nov 19
Did You Participate In Any Of Stride Stapled Group's (NZSE:SPG) Respectable 62% Return?

Financial Position Analysis

Short Term Liabilities: SPG's short term assets (NZ$21.9M) exceed its short term liabilities (NZ$11.3M).

Long Term Liabilities: SPG's short term assets (NZ$21.9M) do not cover its long term liabilities (NZ$476.0M).


Debt to Equity History and Analysis

Debt Level: SPG's net debt to equity ratio (41.7%) is considered high.

Reducing Debt: SPG's debt to equity ratio has reduced from 47.1% to 43.3% over the past 5 years.

Debt Coverage: SPG's debt is not well covered by operating cash flow (10%).

Interest Coverage: SPG's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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