Sun Residential Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Sun Residential Real Estate Investment Trust has a total shareholder equity of $31.8M and total debt of $31.4M, which brings its debt-to-equity ratio to 98.8%. Its total assets and total liabilities are $64.6M and $32.8M respectively. Sun Residential Real Estate Investment Trust's EBIT is $2.7M making its interest coverage ratio 2.4. It has cash and short-term investments of $3.2M.
Key information
98.8%
Debt to equity ratio
US$31.44m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$3.25m |
| Equity | US$31.83m |
| Total liabilities | US$32.80m |
| Total assets | US$64.63m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SRES's short term assets ($4.3M) exceed its short term liabilities ($299.7K).
Long Term Liabilities: SRES's short term assets ($4.3M) do not cover its long term liabilities ($32.5M).
Debt to Equity History and Analysis
Debt Level: SRES's net debt to equity ratio (88.6%) is considered high.
Reducing Debt: Insufficient data to determine if SRES's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SRES's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: SRES's interest payments on its debt are not well covered by EBIT (2.4x coverage).