Housing assets – the value of property assets reported in the agency’s financial statements at 30 June, typically including land and buildings and investment properties.
Operating revenue – income from ordinary operations during the financial year, excluding capital grant income, non-cash capital contribution or donation income, other non-operating revenue, and interest income.
Operating expenses – expenses from ordinary operations during the financial year, excluding other non-operating expenses, depreciation and amortisation, and interest expense.
Operating EBITDA – earnings from ordinary operations during the financial year before interest, depreciation and amortisation, excluding capital grant income, non-cash capital contribution or donation income, gains or losses on disposal of assets, fair value gains or losses, other non-operating revenue and expenses, interest income, and interest expense.
Operating EBITDA margin % – operating EBITDA as a percentage of operating revenue.
Capital grants – government and other capital funding received for acquiring, developing or improving housing assets.
Debt – total external borrowings at 30 June, including interest-bearing and non-interest-bearing debt.
Debt to equity % – total debt at 30 June as a percentage of total equity.
Debt to housing assets % – total debt at 30 June as a percentage of housing assets.
Interest cover (interest coverage ratio) – the extent to which operating earnings can cover interest costs, calculated using operating EBITDA plus interest income.
Liquidity (working capital ratio) – current assets as a proportion of current liabilities at 30 June, excluding capital grants received in advance from current liabilities.
Cash and short-term investments – cash on hand, cash at bank and term deposits with a maturity of 3 months or less.
