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 $31.6M and total debt of $31.4M, which brings its debt-to-equity ratio to 99.4%. Its total assets and total liabilities are $64.4M and $32.7M respectively. Sun Residential Real Estate Investment Trust's EBIT is $2.8M making its interest coverage ratio 2.5. It has cash and short-term investments of $3.4M.
Key information
99.4%
Debt to equity ratio
US$31.44m
Debt
Interest coverage ratio | 2.5x |
Cash | US$3.42m |
Equity | US$31.62m |
Total liabilities | US$32.75m |
Total assets | US$64.37m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SRES's short term assets ($4.1M) exceed its short term liabilities ($257.2K).
Long Term Liabilities: SRES's short term assets ($4.1M) 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 (5.8%).
Interest Coverage: SRES's interest payments on its debt are not well covered by EBIT (2.5x coverage).