Centuria Industrial REIT Balance Sheet Health
Financial Health criteria checks 2/6
Centuria Industrial REIT has a total shareholder equity of A$2.5B and total debt of A$1.4B, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are A$3.9B and A$1.4B respectively. Centuria Industrial REIT's EBIT is A$150.4M making its interest coverage ratio 2.9. It has cash and short-term investments of A$23.4M.
Key information
55.5%
Debt to equity ratio
AU$1.36b
Debt
| Interest coverage ratio | 2.9x |
| Cash | AU$23.42m |
| Equity | AU$2.46b |
| Total liabilities | AU$1.43b |
| Total assets | AU$3.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIP's short term assets (A$104.5M) exceed its short term liabilities (A$61.0M).
Long Term Liabilities: CIP's short term assets (A$104.5M) do not cover its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: CIP's net debt to equity ratio (54.6%) is considered high.
Reducing Debt: CIP's debt to equity ratio has reduced from 63% to 55.5% over the past 5 years.
Debt Coverage: CIP's debt is not well covered by operating cash flow (7%).
Interest Coverage: CIP's interest payments on its debt are not well covered by EBIT (2.9x coverage).