Fletcher Building Balance Sheet Health
Financial Health criteria checks 1/6
Fletcher Building has a total shareholder equity of NZ$3.3B and total debt of NZ$2.1B, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are NZ$8.9B and NZ$5.5B respectively. Fletcher Building's EBIT is NZ$497.0M making its interest coverage ratio 2.8. It has cash and short-term investments of NZ$311.0M.
Key information
63.3%
Debt to equity ratio
NZ$2.11b
Debt
| Interest coverage ratio | 2.8x |
| Cash | NZ$311.00m |
| Equity | NZ$3.33b |
| Total liabilities | NZ$5.55b |
| Total assets | NZ$8.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRCE.F's short term assets (NZ$3.2B) exceed its short term liabilities (NZ$2.1B).
Long Term Liabilities: FRCE.F's short term assets (NZ$3.2B) do not cover its long term liabilities (NZ$3.5B).
Debt to Equity History and Analysis
Debt Level: FRCE.F's net debt to equity ratio (54%) is considered high.
Reducing Debt: FRCE.F's debt to equity ratio has increased from 40.7% to 63.3% over the past 5 years.
Debt Coverage: FRCE.F's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: FRCE.F's interest payments on its debt are not well covered by EBIT (2.8x coverage).