MOVE Logistics Group Balance Sheet Health
Financial Health criteria checks 3/6
MOVE Logistics Group has a total shareholder equity of NZ$27.2M and total debt of NZ$26.7M, which brings its debt-to-equity ratio to 98.2%. Its total assets and total liabilities are NZ$282.0M and NZ$254.9M respectively.
Key information
98.2%
Debt to equity ratio
NZ$26.67m
Debt
| Interest coverage ratio | n/a |
| Cash | NZ$9.70m |
| Equity | NZ$27.16m |
| Total liabilities | NZ$254.86m |
| Total assets | NZ$282.03m |
Recent financial health updates
Is MOVE Logistics Group (NZSE:MOV) Using Debt In A Risky Way?
Oct 23
Does MOVE Logistics Group (NZSE:MOV) Have A Healthy Balance Sheet?
Jun 04MOVE Logistics Group (NZSE:MOV) Has A Somewhat Strained Balance Sheet
Nov 09We Think Move Logistics Group (NZSE:MOV) Is Taking Some Risk With Its Debt
Jun 23TIL Logistics Group (NZSE:TLL) Has A Somewhat Strained Balance Sheet
Apr 17Does TIL Logistics Group (NZSE:TLL) Have A Healthy Balance Sheet?
Dec 07
Recent updates
Is MOVE Logistics Group (NZSE:MOV) Using Debt In A Risky Way?
Oct 23MOVE Logistics Group Limited (NZSE:MOV) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Aug 09Some MOVE Logistics Group Limited (NZSE:MOV) Shareholders Look For Exit As Shares Take 28% Pounding
Jun 19Does MOVE Logistics Group (NZSE:MOV) Have A Healthy Balance Sheet?
Jun 04Some Shareholders Feeling Restless Over MOVE Logistics Group Limited's (NZSE:MOV) P/S Ratio
Apr 23The Price Is Right For MOVE Logistics Group Limited (NZSE:MOV)
Jan 15MOVE Logistics Group (NZSE:MOV) Has A Somewhat Strained Balance Sheet
Nov 09We Think Move Logistics Group (NZSE:MOV) Is Taking Some Risk With Its Debt
Jun 23TIL Logistics Group (NZSE:TLL) Has A Somewhat Strained Balance Sheet
Apr 17A Note On TIL Logistics Group Limited's (NZSE:TLL) ROE and Debt To Equity
Mar 12Are TIL Logistics Group's (NZSE:TLL) Statutory Earnings A Good Guide To Its Underlying Profitability?
Feb 05What Can We Make Of TIL Logistics Group's (NZSE:TLL) CEO Compensation?
Jan 15If You Had Bought TIL Logistics Group's (NZSE:TLL) Shares Three Years Ago You Would Be Down 50%
Dec 25Does TIL Logistics Group (NZSE:TLL) Have A Healthy Balance Sheet?
Dec 07Some Confidence Is Lacking In TIL Logistics Group Limited's (NZSE:TLL) P/E
Nov 17Financial Position Analysis
Short Term Liabilities: MOV's short term assets (NZ$53.5M) do not cover its short term liabilities (NZ$97.3M).
Long Term Liabilities: MOV's short term assets (NZ$53.5M) do not cover its long term liabilities (NZ$157.6M).
Debt to Equity History and Analysis
Debt Level: MOV's net debt to equity ratio (62.4%) is considered high.
Reducing Debt: MOV's debt to equity ratio has reduced from 245.7% to 98.2% 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: Whilst unprofitable MOV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MOV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.1% per year.