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$499.9M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are NZ$2.8B and NZ$709.4M respectively. Port of Tauranga's EBIT is NZ$166.1M making its interest coverage ratio 9.7. It has cash and short-term investments of NZ$30.7M.
Key information
23.9%
Debt to equity ratio
NZ$499.87m
Debt
Interest coverage ratio | 9.7x |
Cash | NZ$30.74m |
Equity | NZ$2.09b |
Total liabilities | NZ$709.36m |
Total assets | NZ$2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTAU.Y's short term assets (NZ$104.9M) do not cover its short term liabilities (NZ$231.3M).
Long Term Liabilities: PTAU.Y's short term assets (NZ$104.9M) do not cover its long term liabilities (NZ$478.1M).
Debt to Equity History and Analysis
Debt Level: PTAU.Y's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: PTAU.Y's debt to equity ratio has reduced from 47.7% to 23.9% over the past 5 years.
Debt Coverage: PTAU.Y's debt is well covered by operating cash flow (26.6%).
Interest Coverage: PTAU.Y's interest payments on its debt are well covered by EBIT (9.7x coverage).