Air New Zealand Balance Sheet Health
Financial Health criteria checks 4/6
Air New Zealand has a total shareholder equity of NZ$2.0B and total debt of NZ$1.4B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are NZ$8.5B and NZ$6.5B respectively. Air New Zealand's EBIT is NZ$228.0M making its interest coverage ratio 6.9. It has cash and short-term investments of NZ$1.3B.
Key information
69.3%
Debt to equity ratio
NZ$1.39b
Debt
| Interest coverage ratio | 6.9x |
| Cash | NZ$1.28b |
| Equity | NZ$2.01b |
| Total liabilities | NZ$6.54b |
| Total assets | NZ$8.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ANZL.Y's short term assets (NZ$2.4B) do not cover its short term liabilities (NZ$3.6B).
Long Term Liabilities: ANZL.Y's short term assets (NZ$2.4B) do not cover its long term liabilities (NZ$2.9B).
Debt to Equity History and Analysis
Debt Level: ANZL.Y's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: ANZL.Y's debt to equity ratio has reduced from 75.8% to 69.3% over the past 5 years.
Debt Coverage: ANZL.Y's debt is well covered by operating cash flow (58.1%).
Interest Coverage: ANZL.Y's interest payments on its debt are well covered by EBIT (6.9x coverage).