Contact Energy Balance Sheet Health
Financial Health criteria checks 2/6
Contact Energy has a total shareholder equity of NZ$2.7B and total debt of NZ$1.9B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are NZ$6.1B and NZ$3.4B respectively. Contact Energy's EBIT is NZ$464.0M making its interest coverage ratio 11. It has cash and short-term investments of NZ$274.0M.
Key information
70.6%
Debt to equity ratio
NZ$1.90b
Debt
| Interest coverage ratio | 11x |
| Cash | NZ$274.00m |
| Equity | NZ$2.68b |
| Total liabilities | NZ$3.38b |
| Total assets | NZ$6.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COEN.F's short term assets (NZ$692.0M) do not cover its short term liabilities (NZ$802.0M).
Long Term Liabilities: COEN.F's short term assets (NZ$692.0M) do not cover its long term liabilities (NZ$2.6B).
Debt to Equity History and Analysis
Debt Level: COEN.F's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: COEN.F's debt to equity ratio has increased from 41.3% to 70.6% over the past 5 years.
Debt Coverage: COEN.F's debt is well covered by operating cash flow (27.4%).
Interest Coverage: COEN.F's interest payments on its debt are well covered by EBIT (11x coverage).