EROAD Balance Sheet Health
Financial Health criteria checks 4/6
EROAD has a total shareholder equity of NZ$284.9M and total debt of NZ$52.5M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are NZ$430.1M and NZ$145.2M respectively. EROAD's EBIT is NZ$1.9M making its interest coverage ratio 0.3. It has cash and short-term investments of NZ$16.8M.
Key information
18.4%
Debt to equity ratio
NZ$52.50m
Debt
| Interest coverage ratio | 0.3x |
| Cash | NZ$16.80m |
| Equity | NZ$284.90m |
| Total liabilities | NZ$145.20m |
| Total assets | NZ$430.10m |
Recent financial health updates
Recent updates
Lacklustre Performance Is Driving EROAD Limited's (NZSE:ERD) 28% Price Drop
Apr 17
Returns On Capital Are Showing Encouraging Signs At EROAD (NZSE:ERD)
Nov 08Returns On Capital Are Showing Encouraging Signs At EROAD (NZSE:ERD)
May 03EROAD Limited's (NZSE:ERD) Intrinsic Value Is Potentially 46% Above Its Share Price
Mar 30Does EROAD (NZSE:ERD) Have A Healthy Balance Sheet?
Jan 25Calculating The Fair Value Of EROAD Limited (NZSE:ERD)
Sep 14We Take A Look At Why EROAD Limited's (NZSE:ERD) CEO Compensation Is Well Earned
Jul 23Is It Time To Consider Buying EROAD Limited (NZSE:ERD)?
May 25A Look At The Fair Value Of EROAD Limited (NZSE:ERD)
Mar 23Is EROAD's (NZSE:ERD) 122% Share Price Increase Well Justified?
Feb 20How Does EROAD's (NZSE:ERD) CEO Pay Compare With Company Performance?
Jan 29
What Type Of Shareholders Own The Most Number of EROAD Limited (NZSE:ERD) Shares?
Jan 08Does EROAD's (NZSE:ERD) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 18Earnings Update: Here's Why Analysts Just Lifted Their EROAD Limited (NZSE:ERD) Price Target To NZ$5.32
Nov 27EROAD Limited's (NZSE:ERD) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Nov 19Financial Position Analysis
Short Term Liabilities: ERD's short term assets (NZ$79.7M) exceed its short term liabilities (NZ$59.4M).
Long Term Liabilities: ERD's short term assets (NZ$79.7M) do not cover its long term liabilities (NZ$85.8M).
Debt to Equity History and Analysis
Debt Level: ERD's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: ERD's debt to equity ratio has reduced from 60.9% to 18.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ERD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ERD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.