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$354.6M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are A$1.6B and A$392.1M respectively. Arena REIT's EBIT is A$68.1M making its interest coverage ratio 3.7. It has cash and short-term investments of A$20.0M.
Key information
29.6%
Debt to equity ratio
AU$354.58m
Debt
Interest coverage ratio | 3.7x |
Cash | AU$20.05m |
Equity | AU$1.20b |
Total liabilities | AU$392.11m |
Total assets | AU$1.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARF's short term assets (A$28.3M) do not cover its short term liabilities (A$37.3M).
Long Term Liabilities: ARF's short term assets (A$28.3M) do not cover its long term liabilities (A$354.8M).
Debt to Equity History and Analysis
Debt Level: ARF's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: ARF's debt to equity ratio has reduced from 35.9% to 29.6% over the past 5 years.
Debt Coverage: ARF's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: ARF's interest payments on its debt are well covered by EBIT (3.7x coverage).