Port of Tauranga Balance Sheet Health
Financial Health criteria checks 4/6
Port of Tauranga has a total shareholder equity of NZ$2.2B and total debt of NZ$470.3M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are NZ$2.9B and NZ$717.0M respectively. Port of Tauranga's EBIT is NZ$155.0M making its interest coverage ratio 6.9. It has cash and short-term investments of NZ$18.7M.
Key information
21.5%
Debt to equity ratio
NZ$470.29m
Debt
| Interest coverage ratio | 6.9x |
| Cash | NZ$18.73m |
| Equity | NZ$2.18b |
| Total liabilities | NZ$717.00m |
| Total assets | NZ$2.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTAU.F's short term assets (NZ$89.0M) do not cover its short term liabilities (NZ$324.8M).
Long Term Liabilities: PTAU.F's short term assets (NZ$89.0M) do not cover its long term liabilities (NZ$392.2M).
Debt to Equity History and Analysis
Debt Level: PTAU.F's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: PTAU.F's debt to equity ratio has reduced from 40.1% to 21.5% over the past 5 years.
Debt Coverage: PTAU.F's debt is well covered by operating cash flow (28.9%).
Interest Coverage: PTAU.F's interest payments on its debt are well covered by EBIT (6.9x coverage).