Parkway Life Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Parkway Life Real Estate Investment Trust has a total shareholder equity of SGD1.4B and total debt of SGD817.3M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are SGD2.3B and SGD894.9M respectively. Parkway Life Real Estate Investment Trust's EBIT is SGD119.0M making its interest coverage ratio 10.7. It has cash and short-term investments of SGD57.1M.
Key information
57.4%
Debt to equity ratio
S$817.25m
Debt
| Interest coverage ratio | 10.7x |
| Cash | S$57.07m |
| Equity | S$1.42b |
| Total liabilities | S$894.89m |
| Total assets | S$2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3P51's short term assets (SGD78.1M) do not cover its short term liabilities (SGD121.1M).
Long Term Liabilities: 3P51's short term assets (SGD78.1M) do not cover its long term liabilities (SGD773.8M).
Debt to Equity History and Analysis
Debt Level: 3P51's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: 3P51's debt to equity ratio has reduced from 63.3% to 57.4% over the past 5 years.
Debt Coverage: 3P51's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 3P51's interest payments on its debt are well covered by EBIT (10.7x coverage).