Contact Energy Balance Sheet Health
Financial Health criteria checks 2/6
Contact Energy has a total shareholder equity of NZ$2.7B and total debt of NZ$1.9B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are NZ$6.1B and NZ$3.4B respectively. Contact Energy's EBIT is NZ$464.0M making its interest coverage ratio 11. It has cash and short-term investments of NZ$274.0M.
Key information
70.6%
Debt to equity ratio
NZ$1.90b
Debt
| Interest coverage ratio | 11x |
| Cash | NZ$274.00m |
| Equity | NZ$2.68b |
| Total liabilities | NZ$3.38b |
| Total assets | NZ$6.06b |
Recent financial health updates
These 4 Measures Indicate That Contact Energy (NZSE:CEN) Is Using Debt Extensively
Aug 15
Here's Why Contact Energy (NZSE:CEN) Has A Meaningful Debt Burden
Apr 26Is Contact Energy (NZSE:CEN) Using Too Much Debt?
Sep 29Contact Energy (NZSE:CEN) Seems To Use Debt Rather Sparingly
May 18Contact Energy (NZSE:CEN) Seems To Use Debt Rather Sparingly
Dec 25Contact Energy (NZSE:CEN) Has A Rock Solid Balance Sheet
Sep 08Recent updates
The Price Is Right For Contact Energy Limited (NZSE:CEN)
Dec 19Slowing Rates Of Return At Contact Energy (NZSE:CEN) Leave Little Room For Excitement
Nov 28Here's Why We Think Contact Energy Limited's (NZSE:CEN) CEO Compensation Looks Fair
Nov 08Contact Energy's (NZSE:CEN) Dividend Will Be NZ$0.2418
Sep 06Contact Energy (NZSE:CEN) Has Announced A Dividend Of NZ$0.2418
Aug 19These 4 Measures Indicate That Contact Energy (NZSE:CEN) Is Using Debt Extensively
Aug 15Here's What's Concerning About Contact Energy's (NZSE:CEN) Returns On Capital
Jul 06Here's Why Contact Energy (NZSE:CEN) Has A Meaningful Debt Burden
Apr 26Some Investors May Be Worried About Contact Energy's (NZSE:CEN) Returns On Capital
Mar 17Contact Energy (NZSE:CEN) Will Pay A Larger Dividend Than Last Year At NZ$0.1612
Feb 17Return Trends At Contact Energy (NZSE:CEN) Aren't Appealing
Nov 11Is Contact Energy (NZSE:CEN) Using Too Much Debt?
Sep 29Contact Energy (NZSE:CEN) Seems To Use Debt Rather Sparingly
May 18Contact Energy Limited (NZSE:CEN) Shares Could Be 44% Below Their Intrinsic Value Estimate
May 02There's Been No Shortage Of Growth Recently For Contact Energy's (NZSE:CEN) Returns On Capital
Mar 25Contact Energy (NZSE:CEN) Will Pay A Larger Dividend Than Last Year At NZ$0.16
Feb 16I Ran A Stock Scan For Earnings Growth And Contact Energy (NZSE:CEN) Passed With Ease
Feb 07Is Contact Energy Limited (NZSE:CEN) Trading At A 43% Discount?
Jan 17Contact Energy (NZSE:CEN) Seems To Use Debt Rather Sparingly
Dec 25Contact Energy (NZSE:CEN) Has Some Way To Go To Become A Multi-Bagger
Sep 27Contact Energy (NZSE:CEN) Has A Rock Solid Balance Sheet
Sep 08Contact Energy (NZSE:CEN) Has Announced That Its Dividend Will Be Reduced To NZ$0.23
Aug 18Are Investors Undervaluing Contact Energy Limited (NZSE:CEN) By 37%?
Aug 05Here's Why We Think Contact Energy (NZSE:CEN) Is Well Worth Watching
Jul 14Is Contact Energy Limited (NZSE:CEN) Trading At A 27% Discount?
Apr 30With EPS Growth And More, Contact Energy (NZSE:CEN) Is Interesting
Apr 12Why It Might Not Make Sense To Buy Contact Energy Limited (NZSE:CEN) For Its Upcoming Dividend
Mar 07We Think You Should Be Aware Of Some Concerning Factors In Contact Energy's (NZSE:CEN) Earnings
Feb 22Contact Energy Limited Just Beat Revenue Estimates By 7.6%
Feb 16
Contact Energy (NZSE:CEN) Has A Pretty Healthy Balance Sheet
Feb 15Contact Energy Limited (NZSE:CEN) Insiders Have Been Selling
Jan 29Investors In Contact Energy Limited (NZSE:CEN) Should Consider This, First
Jan 16Do Institutions Own Contact Energy Limited (NZSE:CEN) Shares?
Jan 01Does This Valuation Of Contact Energy Limited (NZSE:CEN) Imply Investors Are Overpaying?
Dec 17Contact Energy (NZSE:CEN) Has Gifted Shareholders With A Fantastic 133% Total Return On Their Investment
Dec 05Financial Position Analysis
Short Term Liabilities: CEN's short term assets (NZ$692.0M) do not cover its short term liabilities (NZ$802.0M).
Long Term Liabilities: CEN's short term assets (NZ$692.0M) do not cover its long term liabilities (NZ$2.6B).
Debt to Equity History and Analysis
Debt Level: CEN's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: CEN's debt to equity ratio has increased from 41.3% to 70.6% over the past 5 years.
Debt Coverage: CEN's debt is well covered by operating cash flow (27.4%).
Interest Coverage: CEN's interest payments on its debt are well covered by EBIT (11x coverage).