NZME Balance Sheet Health
Financial Health criteria checks 5/6
NZME has a total shareholder equity of NZ$128.7M and total debt of NZ$37.4M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are NZ$298.5M and NZ$169.8M respectively. NZME's EBIT is NZ$24.5M making its interest coverage ratio 3.7. It has cash and short-term investments of NZ$5.7M.
Key information
29.0%
Debt to equity ratio
NZ$37.37m
Debt
Interest coverage ratio | 3.7x |
Cash | NZ$5.75m |
Equity | NZ$128.72m |
Total liabilities | NZ$169.77m |
Total assets | NZ$298.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZME.F's short term assets (NZ$59.8M) exceed its short term liabilities (NZ$57.4M).
Long Term Liabilities: NZME.F's short term assets (NZ$59.8M) do not cover its long term liabilities (NZ$112.4M).
Debt to Equity History and Analysis
Debt Level: NZME.F's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: NZME.F's debt to equity ratio has reduced from 42.2% to 29% over the past 5 years.
Debt Coverage: NZME.F's debt is well covered by operating cash flow (92.2%).
Interest Coverage: NZME.F's interest payments on its debt are well covered by EBIT (3.7x coverage).