Tourism Holdings Balance Sheet Health

Financial Health criteria checks 3/6

Tourism Holdings has a total shareholder equity of NZ$618.4M and total debt of NZ$454.0M, which brings its debt-to-equity ratio to 73.4%. Its total assets and total liabilities are NZ$1.4B and NZ$791.9M respectively. Tourism Holdings's EBIT is NZ$120.6M making its interest coverage ratio 3.6. It has cash and short-term investments of NZ$50.3M.

Key information

73.4%

Debt to equity ratio

NZ$454.04m

Debt

Interest coverage ratio	3.6x
Cash	NZ$50.32m
Equity	NZ$618.39m
Total liabilities	NZ$791.94m
Total assets	NZ$1.41b

Recent financial health updates

Tourism Holdings (NZSE:THL) Takes On Some Risk With Its Use Of Debt

Mar 14

Recent updates

Here's What Analysts Are Forecasting For Tourism Holdings Limited (NZSE:THL) After Its Interim Results

Feb 23

We Think Tourism Holdings Limited's (NZSE:THL) CEO Compensation Package Needs To Be Put Under A Microscope

Oct 14

What Type Of Shareholders Make Up Tourism Holdings Limited's (NZSE:THL) Share Registry?

Feb 11

Is It Too Late To Consider Buying Tourism Holdings Limited (NZSE:THL)?

Jan 23

Tourism Holdings Limited's (NZSE:THL) Stock Is Going Strong: Have Financials A Role To Play?

Dec 23

A Look At Tourism Holdings' (NZSE:THL) Share Price Returns

Dec 08

Should We Be Excited About The Trends Of Returns At Tourism Holdings (NZSE:THL)?

Nov 23

Financial Position Analysis

Short Term Liabilities: THL's short term assets (NZ$315.3M) exceed its short term liabilities (NZ$277.0M).

Long Term Liabilities: THL's short term assets (NZ$315.3M) do not cover its long term liabilities (NZ$515.0M).

Debt to Equity History and Analysis

Debt Level: THL's net debt to equity ratio (65.3%) is considered high.

Reducing Debt: THL's debt to equity ratio has reduced from 85.6% to 73.4% over the past 5 years.

Debt Coverage: THL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: THL's interest payments on its debt are well covered by EBIT (3.6x coverage).

Tourism Holdings Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Tourism Holdings (NZSE:THL) Takes On Some Risk With Its Use Of Debt

Recent updates

Tourism Holdings Limited Announces Appointment of Kate Meldrum as COO- North America

Tourism Holdings Limited Announces the Appointment of Cameron Mathewson as Chief Financial Officer, Effective 1 July 2024

Now 23% undervalued after recent price drop

Chief Transformation Officer recently sold NZ$214k worth of stock

Upcoming dividend of NZ$0.053 per share

An undisclosed buyer acquired 14.14% stake in Camplify Holdings Limited (ASX:CHL) from Tourism Holdings Limited (NZSE:THL) for AUD 19.2 million.

An undisclosed buyer acquired 14.14% stake in Camplify Holdings Limited (ASX:CHL) from Tourism Holdings Limited (NZSE:THL) for AUD 19.2 million.

Independent Non Executive Director recently sold NZ$149k worth of stock

Consensus EPS estimates fall by 10%, revenue upgraded

Here's What Analysts Are Forecasting For Tourism Holdings Limited (NZSE:THL) After Its Interim Results

First half 2024 earnings released: EPS: NZ$0.18 (vs NZ$0.15 in 1H 2023)

Tourism Holdings Limited Announces CFO Changes

Tourism Holdings Limited to Report First Half, 2024 Results on Feb 20, 2024

Chief Transformation Officer recently sold NZ$300k worth of stock

Tourism Holdings Limited Announces Resignation of Nick Judd as Chief Financial Officer

Tourism Holdings Limited Announces Resignation of Nick Judd as Chief Financial Officer

Price target decreased by 7.5% to NZ$4.69

Tourism Holdings Limited Announces Actual Final Dividend for the Twelve Months Ended June 30, 2023, Payment Date Is September 29, 2023

Chief Financial Officer exercised options to buy NZ$1.2m worth of stock.

CEO, MD & Executive Director exercised options to buy NZ$611k worth of stock.

Upcoming dividend of NZ$0.18 per share at 3.9% yield

Tourism Holdings Limited Declares Final Dividend for Period of Twelve Months June 30, 2023, Payment Date Is September 29, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Tourism Holdings Limited to Report Fiscal Year 2023 Results on Aug 29, 2023

Now 22% undervalued after recent price drop

Independent Chairman of the Board recently bought NZ$70k worth of stock

Consensus EPS estimates fall by 22%

Now 22% undervalued

Chief Financial Officer recently sold NZ$100k worth of stock

Now 21% undervalued

Now 21% undervalued

First half 2023 earnings released: EPS: NZ$0.15 (vs NZ$0.027 loss in 1H 2022)

Price target increased by 9.1% to NZ$4.86

Tourism Holdings Limited to Report First Half, 2023 Results on Feb 23, 2023

Chief Executive Officer recently sold NZ$552k worth of stock

Insufficient new directors

Chief Executive Officer exercised options to buy NZ$720k worth of stock.

Tourism Holdings Limited Provides Earnings Guidance for Fiscal 2023

Tourism Holdings Limited, Annual General Meeting, Nov 01, 2022

Price target increased to NZ$4.32

JUCY GROUP (2020) Limited entered into an agreement to acquire Certain ATL Assets from Tourism Holdings Limited (NZSE:THL) and Apollo Tourism & Leisure Ltd (ASX:ATL) for NZD 45 million.

Tourism Holdings Limited, Annual General Meeting, Oct 10, 2022

GM of Finance & Acting CFO exercised options to buy NZ$235k worth of stock.

Chief Customer & Commercial Officer exercised options to buy NZ$233k worth of stock.

Price target increased to NZ$4.19

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Now 21% undervalued after recent price drop

Tourism Holdings Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

Price target decreased to NZ$3.73

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Tourism Holdings Limited, Annual General Meeting, Apr 20, 2022

Chief Financial Officer exercised options to buy NZ$222k worth of stock.

Consensus forecasts updated

Price target increased to NZ$3.28

Apollo Tourism & Leisure Ltd (ASX:ATL) have entered into a conditional Scheme Implementation Deed to acquire Tourism Holdings Limited (NZSE:THL) on December 9, 2021

We Think Tourism Holdings Limited's (NZSE:THL) CEO Compensation Package Needs To Be Put Under A Microscope

Full year 2021 earnings released: NZ$0.092 loss per share (vs NZ$0.19 profit in FY 2020)

Tourism Holdings (NZSE:THL) Is Reinvesting At Lower Rates Of Return

Should You Investigate Tourism Holdings Limited (NZSE:THL) At NZ$2.65?

Consensus EPS estimates increase to -NZ$0.10

Investor sentiment improved over the past week

Tourism Holdings (NZSE:THL) Takes On Some Risk With Its Use Of Debt

First half 2021 earnings released: NZ$0.01 loss per share (vs NZ$0.089 profit in 1H 2020)

Tourism Holdings Limited (NZSE:THL) entered into an agreement to acquire remaining 50% stake in Action Manufacturing Group LP from Alpine Bird Manufacturing Limited for NZD 8.6 million.

Returns On Capital At Tourism Holdings (NZSE:THL) Paint An Interesting Picture

What Type Of Shareholders Make Up Tourism Holdings Limited's (NZSE:THL) Share Registry?

New 90-day low: NZ$2.20

Is It Too Late To Consider Buying Tourism Holdings Limited (NZSE:THL)?

Tourism Holdings Limited to Report First Half, 2021 Results on Feb 26, 2021

Analysts lower EPS estimates to -NZ$0.16

Analysts lower EPS estimates to -NZ$0.13

Tourism Holdings Limited's (NZSE:THL) Stock Is Going Strong: Have Financials A Role To Play?

A Look At Tourism Holdings' (NZSE:THL) Share Price Returns