Carindale Property Trust Balance Sheet Health
Financial Health criteria checks 1/6
Carindale Property Trust has a total shareholder equity of A$529.7M and total debt of A$225.1M, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are A$774.8M and A$245.1M respectively. Carindale Property Trust's EBIT is A$36.1M making its interest coverage ratio 2.8. It has cash and short-term investments of A$2.1M.
Key information
42.5%
Debt to equity ratio
AU$225.10m
Debt
| Interest coverage ratio | 2.8x |
| Cash | AU$2.05m |
| Equity | AU$529.68m |
| Total liabilities | AU$245.15m |
| Total assets | AU$774.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C3V's short term assets (A$6.9M) do not cover its short term liabilities (A$20.0M).
Long Term Liabilities: C3V's short term assets (A$6.9M) do not cover its long term liabilities (A$225.2M).
Debt to Equity History and Analysis
Debt Level: C3V's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: C3V's debt to equity ratio has reduced from 46.5% to 42.5% over the past 5 years.
Debt Coverage: C3V's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: C3V's interest payments on its debt are not well covered by EBIT (2.8x coverage).