Infratil Ltd

Infratil Ltd maintains a capital structure characterized by significant leverage, with total liabilities of NZD 10.5 billion against total equity of NZD 7.7 billion. The debt-to-equity ratio stands at 1.03, indicating a balanced but substantial reliance on debt financing. Liquidity appears constrained, as evidenced by a current ratio of 0.52, which suggests that current liabilities exceed current assets. The company holds NZD 312.6 million in cash and equivalents, which is modest relative to its long-term debt of NZD 7.9 billion. Operating cash flow is reported at NZD 190.5 million, while free cash flow is slightly higher at NZD 191.3 million, reflecting capital expenditures of NZD 550.6 million.

Profitability metrics indicate moderate returns on capital. Return on equity is 7.16%, while return on assets is 3.02%. The company generated NZD 3.49 billion in revenue, with a gross profit of NZD 3.29 billion, resulting in an operating income of NZD 608.5 million and net income of NZD 549.8 million. Without cohort median data for direct comparison, these returns must be evaluated against general infrastructure sector benchmarks, which typically favor stable, lower-volatility returns. The high gross profit margin suggests efficient core operations, but the spread between operating income and net income indicates significant interest or tax expenses, consistent with a leveraged balance sheet.