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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 19:27 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HomeCo Daily Needs REIT is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Andrew MacFarlane | Bell Potter |