European Residential Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 3/6
European Residential Real Estate Investment Trust has a total shareholder equity of €408.3M and total debt of €1.2B, which brings its debt-to-equity ratio to 283.9%. Its total assets and total liabilities are €1.6B and €1.2B respectively. European Residential Real Estate Investment Trust's EBIT is €68.0M making its interest coverage ratio 1.3. It has cash and short-term investments of €8.8M.
Key information
283.9%
Debt to equity ratio
€1.16b
Debt
| Interest coverage ratio | 1.3x |
| Cash | €8.83m |
| Equity | €408.25m |
| Total liabilities | €1.22b |
| Total assets | €1.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERE.UN's short term assets (€767.4M) exceed its short term liabilities (€534.8M).
Long Term Liabilities: ERE.UN's short term assets (€767.4M) exceed its long term liabilities (€686.4M).
Debt to Equity History and Analysis
Debt Level: ERE.UN's net debt to equity ratio (281.8%) is considered high.
Reducing Debt: ERE.UN's debt to equity ratio has reduced from 805.7% to 283.9% over the past 5 years.
Debt Coverage: ERE.UN's debt is not well covered by operating cash flow (5%).
Interest Coverage: ERE.UN's interest payments on its debt are not well covered by EBIT (1.3x coverage).