EROAD Balance Sheet Health
Financial Health criteria checks 5/6
EROAD has a total shareholder equity of NZ$303.0M and total debt of NZ$36.7M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are NZ$433.5M and NZ$130.5M respectively. EROAD's EBIT is NZ$800.0K making its interest coverage ratio 0.1. It has cash and short-term investments of NZ$14.5M.
Key information
12.1%
Debt to equity ratio
NZ$36.70m
Debt
| Interest coverage ratio | 0.1x |
| Cash | NZ$14.50m |
| Equity | NZ$303.00m |
| Total liabilities | NZ$130.50m |
| Total assets | NZ$433.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERDL.F's short term assets (NZ$73.7M) exceed its short term liabilities (NZ$67.1M).
Long Term Liabilities: ERDL.F's short term assets (NZ$73.7M) exceed its long term liabilities (NZ$63.4M).
Debt to Equity History and Analysis
Debt Level: ERDL.F's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: ERDL.F's debt to equity ratio has reduced from 67.6% to 12.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ERDL.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ERDL.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.