Fairplay Properties REIT Balance Sheet Health
Financial Health criteria checks 4/6
Fairplay Properties REIT has a total shareholder equity of BGN105.2M and total debt of BGN33.9M, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are BGN143.5M and BGN38.3M respectively. Fairplay Properties REIT's EBIT is BGN3.8M making its interest coverage ratio 5.4. It has cash and short-term investments of BGN6.1M.
Key information
32.2%
Debt to equity ratio
лв33.86m
Debt
| Interest coverage ratio | 5.4x |
| Cash | лв6.14m |
| Equity | лв105.25m |
| Total liabilities | лв38.25m |
| Total assets | лв143.50m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FPP's short term assets (BGN46.7M) exceed its short term liabilities (BGN6.5M).
Long Term Liabilities: FPP's short term assets (BGN46.7M) exceed its long term liabilities (BGN31.8M).
Debt to Equity History and Analysis
Debt Level: FPP's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: FPP's debt to equity ratio has increased from 11.1% to 32.2% over the past 5 years.
Debt Coverage: FPP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FPP's interest payments on its debt are well covered by EBIT (5.4x coverage).