HomeCo Daily Needs REIT Balance Sheet Health
Financial Health criteria checks 0/6
HomeCo Daily Needs REIT has a total shareholder equity of A$3.0B and total debt of A$1.7B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are A$4.8B and A$1.8B respectively. HomeCo Daily Needs REIT's EBIT is A$211.4M making its interest coverage ratio 3. It has cash and short-term investments of A$31.2M.
Key information
56.3%
Debt to equity ratio
AU$1.68b
Debt
| Interest coverage ratio | 3x |
| Cash | AU$31.20m |
| Equity | AU$2.99b |
| Total liabilities | AU$1.79b |
| Total assets | AU$4.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDN's short term assets (A$109.5M) do not cover its short term liabilities (A$409.7M).
Long Term Liabilities: HDN's short term assets (A$109.5M) do not cover its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: HDN's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: Insufficient data to determine if HDN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HDN's debt is not well covered by operating cash flow (10%).
Interest Coverage: HDN's interest payments on its debt are not well covered by EBIT (3x coverage).