Fairplay Properties REIT Balance Sheet Health
Financial Health criteria checks 4/6
Fairplay Properties REIT has a total shareholder equity of BGN107.4M and total debt of BGN44.6M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are BGN158.5M and BGN51.0M respectively. Fairplay Properties REIT's EBIT is BGN4.8M making its interest coverage ratio 6.3. It has cash and short-term investments of BGN3.3M.
Key information
41.5%
Debt to equity ratio
лв44.63m
Debt
| Interest coverage ratio | 6.3x |
| Cash | лв3.34m |
| Equity | лв107.44m |
| Total liabilities | лв51.04m |
| Total assets | лв158.49m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FPP's short term assets (BGN61.9M) exceed its short term liabilities (BGN10.2M).
Long Term Liabilities: FPP's short term assets (BGN61.9M) exceed its long term liabilities (BGN40.8M).
Debt to Equity History and Analysis
Debt Level: FPP's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: FPP's debt to equity ratio has increased from 10.1% to 41.5% 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 (6.3x coverage).