Emirates REIT (CEIC) Balance Sheet Health
Financial Health criteria checks 1/6
Emirates REIT (CEIC) has a total shareholder equity of $563.2M and total debt of $442.1M, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are $1.1B and $542.3M respectively. Emirates REIT (CEIC)'s EBIT is $48.0M making its interest coverage ratio 0.9. It has cash and short-term investments of $22.5M.
Key information
78.5%
Debt to equity ratio
US$442.10m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$22.50m |
| Equity | US$563.22m |
| Total liabilities | US$542.27m |
| Total assets | US$1.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REIT's short term assets ($37.3M) do not cover its short term liabilities ($373.8M).
Long Term Liabilities: REIT's short term assets ($37.3M) do not cover its long term liabilities ($168.5M).
Debt to Equity History and Analysis
Debt Level: REIT's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: REIT's debt to equity ratio has reduced from 104% to 78.5% over the past 5 years.
Debt Coverage: REIT's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: REIT's interest payments on its debt are not well covered by EBIT (0.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 17:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Emirates REIT (CEIC) PLC is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Al Ramz Capital LLC |
| Mohamad Haidar | Arqaam Capital Research Offshore S.A.L. |
| null null | CI Capital Research |