European Residential Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
European Residential Real Estate Investment Trust has a total shareholder equity of €427.2M and total debt of €1.2B, which brings its debt-to-equity ratio to 290.9%. Its total assets and total liabilities are €1.7B and €1.3B respectively. European Residential Real Estate Investment Trust's EBIT is €67.3M making its interest coverage ratio 1.4. It has cash and short-term investments of €6.9M.
Key information
290.9%
Debt to equity ratio
€1.24b
Debt
Interest coverage ratio | 1.4x |
Cash | €6.89m |
Equity | €427.25m |
Total liabilities | €1.30b |
Total assets | €1.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ERE.UN's short term assets (€9.8M) do not cover its short term liabilities (€104.7M).
Long Term Liabilities: ERE.UN's short term assets (€9.8M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: ERE.UN's net debt to equity ratio (289.3%) is considered high.
Reducing Debt: ERE.UN's debt to equity ratio has reduced from 296.6% to 290.9% over the past 5 years.
Debt Coverage: ERE.UN's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: ERE.UN's interest payments on its debt are not well covered by EBIT (1.4x coverage).