Auckland International Airport Balance Sheet Health
Financial Health criteria checks 3/6
Auckland International Airport has a total shareholder equity of NZ$8.4B and total debt of NZ$2.2B, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are NZ$11.3B and NZ$2.9B respectively. Auckland International Airport's EBIT is NZ$358.5M making its interest coverage ratio 5.9. It has cash and short-term investments of NZ$59.2M.
Key information
26.4%
Debt to equity ratio
NZ$2.23b
Debt
Interest coverage ratio | 5.9x |
Cash | NZ$59.20m |
Equity | NZ$8.44b |
Total liabilities | NZ$2.90b |
Total assets | NZ$11.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACKD.F's short term assets (NZ$156.5M) do not cover its short term liabilities (NZ$567.1M).
Long Term Liabilities: ACKD.F's short term assets (NZ$156.5M) do not cover its long term liabilities (NZ$2.3B).
Debt to Equity History and Analysis
Debt Level: ACKD.F's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: ACKD.F's debt to equity ratio has reduced from 38.4% to 26.4% over the past 5 years.
Debt Coverage: ACKD.F's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: ACKD.F's interest payments on its debt are well covered by EBIT (5.9x coverage).