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 ratio | 1.2x |
Cash | NZ$15.95m |
Equity | NZ$1.02b |
Total liabilities | NZ$487.36m |
Total assets | NZ$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 31Stride Stapled Group's (NZSE:SPG) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?
Feb 17How Should Investors React To Stride Stapled Group's (NZSE:SPG) CEO Pay?
Jan 07News Flash: Analysts Just Made A Notable Upgrade To Their Stride Stapled Group (NZSE:SPG) Forecasts
Dec 03Did You Participate In Any Of Stride Stapled Group's (NZSE:SPG) Respectable 62% Return?
Nov 19Financial 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).