Port of Tauranga Balance Sheet Health
Financial Health criteria checks 4/6
Port of Tauranga has a total shareholder equity of NZ$2.1B and total debt of NZ$460.0M, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are NZ$2.8B and NZ$690.6M respectively. Port of Tauranga's EBIT is NZ$169.9M making its interest coverage ratio 8.7. It has cash and short-term investments of NZ$8.5M.
Key information
21.6%
Debt to equity ratio
NZ$460.02m
Debt
Interest coverage ratio | 8.7x |
Cash | NZ$8.51m |
Equity | NZ$2.13b |
Total liabilities | NZ$690.55m |
Total assets | NZ$2.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTAU.F's short term assets (NZ$79.7M) do not cover its short term liabilities (NZ$220.6M).
Long Term Liabilities: PTAU.F's short term assets (NZ$79.7M) do not cover its long term liabilities (NZ$469.9M).
Debt to Equity History and Analysis
Debt Level: PTAU.F's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: PTAU.F's debt to equity ratio has reduced from 37.2% to 21.6% over the past 5 years.
Debt Coverage: PTAU.F's debt is well covered by operating cash flow (31.4%).
Interest Coverage: PTAU.F's interest payments on its debt are well covered by EBIT (8.7x coverage).