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$1.4B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are NZ$8.5B and NZ$6.5B respectively. Air New Zealand's EBIT is NZ$228.0M making its interest coverage ratio 6.9. It has cash and short-term investments of NZ$1.3B.
Key information
69.3%
Debt to equity ratio
NZ$1.39b
Debt
| Interest coverage ratio | 6.9x |
| Cash | NZ$1.28b |
| Equity | NZ$2.01b |
| Total liabilities | NZ$6.54b |
| Total assets | NZ$8.55b |
Recent financial health updates
These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively
Dec 15
Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet
Aug 28Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?
Nov 22Is Air New Zealand (NZSE:AIR) A Risky Investment?
Mar 31Recent updates
Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)
Nov 27Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital
Oct 31Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next
Sep 02Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected
Aug 20Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns
Jul 22Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)
Apr 19Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report
Feb 25Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)
Feb 20These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively
Dec 15Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment
Sep 19Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet
Aug 28Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?
Nov 22Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely
Sep 15Is Air New Zealand (NZSE:AIR) A Risky Investment?
Mar 31When Should You Buy Air New Zealand Limited (NZSE:AIR)?
Feb 27The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts
Feb 27If You Had Bought Air New Zealand's (NZSE:AIR) Shares Three Years Ago You Would Be Down 45%
Feb 09Should You Review Recent Insider Transactions At Air New Zealand Limited (NZSE:AIR)?
Jan 13What You Need To Know About Air New Zealand Limited's (NZSE:AIR) Investor Composition
Dec 18Financial Position Analysis
Short Term Liabilities: AIR's short term assets (NZ$2.4B) do not cover its short term liabilities (NZ$3.6B).
Long Term Liabilities: AIR's short term assets (NZ$2.4B) do not cover its long term liabilities (NZ$2.9B).
Debt to Equity History and Analysis
Debt Level: AIR's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: AIR's debt to equity ratio has reduced from 75.8% to 69.3% over the past 5 years.
Debt Coverage: AIR's debt is well covered by operating cash flow (58.1%).
Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 04:45 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Air New Zealand Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wade Gardiner | Deutsche Bank |
| Russell Wright | EverBlu Research Pty Ltd |
| Andrew Bowley | Forsyth Barr Group Ltd. |