Meridian Energy Balance Sheet Health
Financial Health criteria checks 5/6
Meridian Energy has a total shareholder equity of NZ$8.2B and total debt of NZ$1.3B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are NZ$13.5B and NZ$5.3B respectively. Meridian Energy's EBIT is NZ$673.0M making its interest coverage ratio 11. It has cash and short-term investments of NZ$221.0M.
Key information
16.3%
Debt to equity ratio
NZ$1.35b
Debt
| Interest coverage ratio | 11x |
| Cash | NZ$221.00m |
| Equity | NZ$8.25b |
| Total liabilities | NZ$5.30b |
| Total assets | NZ$13.54b |
Recent financial health updates
Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet
Oct 07
Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt
Jun 20We Think Meridian Energy (NZSE:MEL) Is Taking Some Risk With Its Debt
Feb 29Recent updates
Capital Allocation Trends At Meridian Energy (NZSE:MEL) Aren't Ideal
Nov 25Analyst Forecasts Just Became More Bearish On Meridian Energy Limited (NZSE:MEL)
Oct 16Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet
Oct 07Be Wary Of Meridian Energy (NZSE:MEL) And Its Returns On Capital
Aug 19Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 51% Above Its Share Price
Jul 12Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt
Jun 20The Returns On Capital At Meridian Energy (NZSE:MEL) Don't Inspire Confidence
May 21Some Shareholders Feeling Restless Over Meridian Energy Limited's (NZSE:MEL) P/S Ratio
May 03Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 63% Above Its Share Price
Apr 02We Think Meridian Energy (NZSE:MEL) Is Taking Some Risk With Its Debt
Feb 29Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price
Jan 26Returns On Capital Signal Difficult Times Ahead For Meridian Energy (NZSE:MEL)
Jan 08Financial Position Analysis
Short Term Liabilities: MEL's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$1.0B).
Long Term Liabilities: MEL's short term assets (NZ$1.1B) do not cover its long term liabilities (NZ$4.3B).
Debt to Equity History and Analysis
Debt Level: MEL's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: MEL's debt to equity ratio has reduced from 26.9% to 16.3% over the past 5 years.
Debt Coverage: MEL's debt is well covered by operating cash flow (49.5%).
Interest Coverage: MEL's interest payments on its debt are well covered by EBIT (11x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 10:38 |
| 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
Meridian Energy 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 |
|---|---|
| Nevill Gluyas | Credit Suisse |
| Grant Swanepoel | Deutsche Bank |
| Bruce McKay | Edison Investment Research |