Fairplay Properties REIT Balance Sheet Health
Financial Health criteria checks 4/6
Fairplay Properties REIT has a total shareholder equity of BGN106.4M and total debt of BGN36.0M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are BGN148.1M and BGN41.8M respectively. Fairplay Properties REIT's EBIT is BGN4.3M making its interest coverage ratio 6.1. It has cash and short-term investments of BGN1.8M.
Key information
33.8%
Debt to equity ratio
лв35.96m
Debt
| Interest coverage ratio | 6.1x |
| Cash | лв1.76m |
| Equity | лв106.35m |
| Total liabilities | лв41.77m |
| Total assets | лв148.13m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FPP's short term assets (BGN51.4M) exceed its short term liabilities (BGN7.8M).
Long Term Liabilities: FPP's short term assets (BGN51.4M) exceed its long term liabilities (BGN34.0M).
Debt to Equity History and Analysis
Debt Level: FPP's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: FPP's debt to equity ratio has increased from 10.9% to 33.8% 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 (6.1x coverage).