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Freightways Ltd
NZX:FRE

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Freightways Ltd
NZX:FRE
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Price: 9.59 NZD 3.34%
Market Cap: 1.7B NZD

Bankruptcy Probability

Freightways Ltd's probability of bankruptcy is hidden . The solvency score is hidden .

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Bankruptcy Probability
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Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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Cash & ST Investments
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Jun 30, 2023 44.5m
Jun 30, 2022 24.1m
Jun 30, 2021 0
Long-Term Investments
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Jun 30, 2023 12.5m
Jun 30, 2022 11.4m
Jun 30, 2021 0
Debt
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Jun 30, 2023 610.7m
Jun 30, 2022 451.6m
Jun 30, 2021 0

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.

Is Freightways Ltd at risk of bankruptcy?

Freightways Ltd's probability of bankruptcy is hidden .

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Freightways Ltd have?

As of the latest report, Freightways Ltd has total debt of 610.7m NZD. This includes both short-term (0 NZD) and long-term (610.7m NZD) debt.

You can find a full breakdown on its Balance Sheet.

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