Air New Zealand Balance Sheet Health

Financial Health criteria checks 4/6

Air New Zealand has a total shareholder equity of NZ$2.0B and total debt of NZ$1.6B, which brings its debt-to-equity ratio to 77.2%. Its total assets and total liabilities are NZ$8.8B and NZ$6.7B respectively. Air New Zealand's EBIT is NZ$466.0M making its interest coverage ratio 15. It has cash and short-term investments of NZ$1.7B.

Key information

77.2%

Debt to equity ratio

NZ$1.55b

Debt

Interest coverage ratio15x
CashNZ$1.67b
EquityNZ$2.01b
Total liabilitiesNZ$6.74b
Total assetsNZ$8.75b

Recent financial health updates

Recent updates

Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Feb 25
Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

Feb 20
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Dec 15
These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Sep 19
Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Aug 28
Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Nov 22
Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Sep 15
Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Is Air New Zealand (NZSE:AIR) A Risky Investment?

Mar 31
Is Air New Zealand (NZSE:AIR) A Risky Investment?

When Should You Buy Air New Zealand Limited (NZSE:AIR)?

Feb 27
When Should You Buy Air New Zealand Limited (NZSE:AIR)?

The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

Feb 27
The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

If You Had Bought Air New Zealand's (NZSE:AIR) Shares Three Years Ago You Would Be Down 45%

Feb 09
If You Had Bought Air New Zealand's (NZSE:AIR) Shares Three Years Ago You Would Be Down 45%

Should You Review Recent Insider Transactions At Air New Zealand Limited (NZSE:AIR)?

Jan 13
Should You Review Recent Insider Transactions At Air New Zealand Limited (NZSE:AIR)?

What You Need To Know About Air New Zealand Limited's (NZSE:AIR) Investor Composition

Dec 18
What You Need To Know About Air New Zealand Limited's (NZSE:AIR) Investor Composition

Is There Now An Opportunity In Air New Zealand Limited (NZSE:AIR)?

Nov 27
Is There Now An Opportunity In Air New Zealand Limited (NZSE:AIR)?

Financial Position Analysis

Short Term Liabilities: AIR's short term assets (NZ$2.7B) do not cover its short term liabilities (NZ$3.6B).

Long Term Liabilities: AIR's short term assets (NZ$2.7B) do not cover its long term liabilities (NZ$3.2B).


Debt to Equity History and Analysis

Debt Level: AIR has more cash than its total debt.

Reducing Debt: AIR's debt to equity ratio has reduced from 135% to 77.2% over the past 5 years.

Debt Coverage: AIR's debt is well covered by operating cash flow (83.3%).

Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


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