NZX Balance Sheet Health
Financial Health criteria checks 5/6
NZX has a total shareholder equity of NZ$117.4M and total debt of NZ$61.3M, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are NZ$276.5M and NZ$159.1M respectively. NZX's EBIT is NZ$23.2M making its interest coverage ratio 6.7. It has cash and short-term investments of NZ$24.7M.
Key information
52.2%
Debt to equity ratio
NZ$61.26m
Debt
Interest coverage ratio | 6.7x |
Cash | NZ$24.67m |
Equity | NZ$117.37m |
Total liabilities | NZ$159.10m |
Total assets | NZ$276.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZST.F's short term assets (NZ$82.2M) exceed its short term liabilities (NZ$63.4M).
Long Term Liabilities: NZST.F's short term assets (NZ$82.2M) do not cover its long term liabilities (NZ$95.7M).
Debt to Equity History and Analysis
Debt Level: NZST.F's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: NZST.F's debt to equity ratio has reduced from 63.2% to 52.2% over the past 5 years.
Debt Coverage: NZST.F's debt is well covered by operating cash flow (56.2%).
Interest Coverage: NZST.F's interest payments on its debt are well covered by EBIT (6.7x coverage).