Carindale Property Trust Balance Sheet Health
Financial Health criteria checks 1/6
Carindale Property Trust has a total shareholder equity of A$522.1M and total debt of A$233.0M, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are A$775.9M and A$253.7M respectively. Carindale Property Trust's EBIT is A$35.5M making its interest coverage ratio 3.6. It has cash and short-term investments of A$3.1M.
Key information
44.6%
Debt to equity ratio
AU$233.00m
Debt
Interest coverage ratio | 3.6x |
Cash | AU$3.06m |
Equity | AU$522.13m |
Total liabilities | AU$253.72m |
Total assets | AU$775.86m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CDP's short term assets (A$8.5M) do not cover its short term liabilities (A$20.5M).
Long Term Liabilities: CDP's short term assets (A$8.5M) do not cover its long term liabilities (A$233.2M).
Debt to Equity History and Analysis
Debt Level: CDP's net debt to equity ratio (44%) is considered high.
Reducing Debt: CDP's debt to equity ratio has increased from 44% to 44.6% over the past 5 years.
Debt Coverage: CDP's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: CDP's interest payments on its debt are well covered by EBIT (3.6x coverage).