Arena REIT Balance Sheet Health
Financial Health criteria checks 3/6
Arena REIT has a total shareholder equity of A$1.2B and total debt of A$376.3M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are A$1.6B and A$409.1M respectively. Arena REIT's EBIT is A$89.8M making its interest coverage ratio 5.2. It has cash and short-term investments of A$18.0M.
Key information
31.0%
Debt to equity ratio
AU$376.27m
Debt
| Interest coverage ratio | 5.2x |
| Cash | AU$17.97m |
| Equity | AU$1.21b |
| Total liabilities | AU$409.05m |
| Total assets | AU$1.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARF's short term assets (A$22.8M) do not cover its short term liabilities (A$31.8M).
Long Term Liabilities: ARF's short term assets (A$22.8M) do not cover its long term liabilities (A$377.2M).
Debt to Equity History and Analysis
Debt Level: ARF's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: ARF's debt to equity ratio has reduced from 32.2% to 31% over the past 5 years.
Debt Coverage: ARF's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: ARF's interest payments on its debt are well covered by EBIT (5.2x coverage).