Freightways Group Balance Sheet Health
Financial Health criteria checks 3/6
Freightways Group has a total shareholder equity of NZ$473.6M and total debt of NZ$323.4M, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are NZ$1.4B and NZ$919.2M respectively. Freightways Group's EBIT is NZ$127.5M making its interest coverage ratio 5.5. It has cash and short-term investments of NZ$65.2M.
Key information
68.3%
Debt to equity ratio
NZ$323.41m
Debt
| Interest coverage ratio | 5.5x |
| Cash | NZ$65.19m |
| Equity | NZ$473.64m |
| Total liabilities | NZ$919.21m |
| Total assets | NZ$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTWY.F's short term assets (NZ$234.0M) do not cover its short term liabilities (NZ$283.7M).
Long Term Liabilities: FTWY.F's short term assets (NZ$234.0M) do not cover its long term liabilities (NZ$635.5M).
Debt to Equity History and Analysis
Debt Level: FTWY.F's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: FTWY.F's debt to equity ratio has reduced from 73.1% to 68.3% over the past 5 years.
Debt Coverage: FTWY.F's debt is well covered by operating cash flow (45.6%).
Interest Coverage: FTWY.F's interest payments on its debt are well covered by EBIT (5.5x coverage).