Centuria Industrial REIT Balance Sheet Health
Financial Health criteria checks 3/6
Centuria Industrial REIT has a total shareholder equity of A$2.5B and total debt of A$1.3B, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are A$3.9B and A$1.4B respectively. Centuria Industrial REIT's EBIT is A$152.6M making its interest coverage ratio 3.3. It has cash and short-term investments of A$46.9M.
Key information
53.7%
Debt to equity ratio
AU$1.33b
Debt
| Interest coverage ratio | 3.3x |
| Cash | AU$46.88m |
| Equity | AU$2.47b |
| Total liabilities | AU$1.39b |
| Total assets | AU$3.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIP's short term assets (A$81.4M) exceed its short term liabilities (A$60.4M).
Long Term Liabilities: CIP's short term assets (A$81.4M) do not cover its long term liabilities (A$1.3B).
Debt to Equity History and Analysis
Debt Level: CIP's net debt to equity ratio (51.8%) is considered high.
Reducing Debt: CIP's debt to equity ratio has reduced from 63.1% to 53.7% over the past 5 years.
Debt Coverage: CIP's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: CIP's interest payments on its debt are well covered by EBIT (3.3x coverage).