HomeCo Daily Needs REIT Balance Sheet Health
Financial Health criteria checks 2/6
HomeCo Daily Needs REIT has a total shareholder equity of A$3.0B and total debt of A$1.6B, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are A$4.7B and A$1.7B respectively. HomeCo Daily Needs REIT's EBIT is A$255.4M making its interest coverage ratio 3.7. It has cash and short-term investments of A$14.6M.
Key information
54.2%
Debt to equity ratio
AU$1.62b
Debt
Interest coverage ratio | 3.7x |
Cash | AU$14.60m |
Equity | AU$2.98b |
Total liabilities | AU$1.73b |
Total assets | AU$4.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDN's short term assets (A$193.1M) exceed its short term liabilities (A$103.9M).
Long Term Liabilities: HDN's short term assets (A$193.1M) do not cover its long term liabilities (A$1.6B).
Debt to Equity History and Analysis
Debt Level: HDN's net debt to equity ratio (53.7%) 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 (10.5%).
Interest Coverage: HDN's interest payments on its debt are well covered by EBIT (3.7x coverage).