Channel Infrastructure NZ Balance Sheet Health
Financial Health criteria checks 0/6
Channel Infrastructure NZ has a total shareholder equity of NZ$486.2M and total debt of NZ$328.3M, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are NZ$968.4M and NZ$482.3M respectively. Channel Infrastructure NZ's EBIT is NZ$53.8M making its interest coverage ratio 2.7. It has cash and short-term investments of NZ$1.4M.
Key information
67.5%
Debt to equity ratio
NZ$328.26m
Debt
| Interest coverage ratio | 2.7x |
| Cash | NZ$1.35m |
| Equity | NZ$486.15m |
| Total liabilities | NZ$482.25m |
| Total assets | NZ$968.41m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZRF.F's short term assets (NZ$22.7M) do not cover its short term liabilities (NZ$36.3M).
Long Term Liabilities: NZRF.F's short term assets (NZ$22.7M) do not cover its long term liabilities (NZ$446.0M).
Debt to Equity History and Analysis
Debt Level: NZRF.F's net debt to equity ratio (67.2%) is considered high.
Reducing Debt: NZRF.F's debt to equity ratio has increased from 35.8% to 67.5% over the past 5 years.
Debt Coverage: NZRF.F's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: NZRF.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).