LondonMetric Property Balance Sheet Health
Financial Health criteria checks 2/6
LondonMetric Property has a total shareholder equity of £2.2B and total debt of £966.5M, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are £3.3B and £1.0B respectively. LondonMetric Property's EBIT is £128.6M making its interest coverage ratio 4.2. It has cash and short-term investments of £26.2M.
Key information
43.5%
Debt to equity ratio
UK£966.50m
Debt
Interest coverage ratio | 4.2x |
Cash | UK£26.20m |
Equity | UK£2.22b |
Total liabilities | UK£1.04b |
Total assets | UK£3.27b |
Financial Position Analysis
Short Term Liabilities: LMP's short term assets (£51.6M) do not cover its short term liabilities (£110.8M).
Long Term Liabilities: LMP's short term assets (£51.6M) do not cover its long term liabilities (£933.3M).
Debt to Equity History and Analysis
Debt Level: LMP's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: LMP's debt to equity ratio has reduced from 56.6% to 43.5% over the past 5 years.
Debt Coverage: LMP's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: LMP's interest payments on its debt are well covered by EBIT (4.2x coverage).