Stride Property Group Balance Sheet Health
Financial Health criteria checks 3/6
Stride Property Group has a total shareholder equity of NZ$992.4M and total debt of NZ$415.0M, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are NZ$1.5B and NZ$466.1M respectively. Stride Property Group's EBIT is NZ$46.9M making its interest coverage ratio 2.3. It has cash and short-term investments of NZ$21.3M.
Key information
41.8%
Debt to equity ratio
NZ$414.96m
Debt
| Interest coverage ratio | 2.3x |
| Cash | NZ$21.30m |
| Equity | NZ$992.43m |
| Total liabilities | NZ$466.11m |
| Total assets | NZ$1.46b |
Recent financial health updates
No updates
Recent updates
Shareholders Will Probably Hold Off On Increasing Stride Property Group's (NZSE:SPG) CEO Compensation For The Time Being
Jun 26
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 07
News 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$25.7M) exceed its short term liabilities (NZ$17.9M).
Long Term Liabilities: SPG's short term assets (NZ$25.7M) do not cover its long term liabilities (NZ$448.3M).
Debt to Equity History and Analysis
Debt Level: SPG's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: SPG's debt to equity ratio has reduced from 48.6% to 41.8% over the past 5 years.
Debt Coverage: SPG's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: SPG's interest payments on its debt are not well covered by EBIT (2.3x coverage).