Summerset Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Summerset Group Holdings has a total shareholder equity of NZ$2.2B and total debt of NZ$1.1B, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are NZ$5.8B and NZ$3.6B respectively. Summerset Group Holdings's EBIT is NZ$12.9M making its interest coverage ratio 0.5. It has cash and short-term investments of NZ$52.6M.
Key information
48.8%
Debt to equity ratio
NZ$1.07b
Debt
Interest coverage ratio | 0.5x |
Cash | NZ$52.58m |
Equity | NZ$2.19b |
Total liabilities | NZ$3.65b |
Total assets | NZ$5.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMGR.F's short term assets (NZ$89.3M) do not cover its short term liabilities (NZ$410.6M).
Long Term Liabilities: SMGR.F's short term assets (NZ$89.3M) do not cover its long term liabilities (NZ$3.2B).
Debt to Equity History and Analysis
Debt Level: SMGR.F's net debt to equity ratio (46.4%) is considered high.
Reducing Debt: SMGR.F's debt to equity ratio has increased from 45.2% to 48.8% over the past 5 years.
Debt Coverage: SMGR.F's debt is well covered by operating cash flow (34.5%).
Interest Coverage: SMGR.F's interest payments on its debt are not well covered by EBIT (0.5x coverage).