Tritax Big Box REIT Balance Sheet Health
Financial Health criteria checks 1/6
Tritax Big Box REIT has a total shareholder equity of £4.4B and total debt of £1.9B, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are £6.5B and £2.1B respectively. Tritax Big Box REIT's EBIT is £221.5M making its interest coverage ratio 4.5. It has cash and short-term investments of £48.1M.
Key information
44.0%
Debt to equity ratio
UK£1.94b
Debt
| Interest coverage ratio | 4.5x |
| Cash | UK£48.10m |
| Equity | UK£4.40b |
| Total liabilities | UK£2.11b |
| Total assets | UK£6.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4ZQ's short term assets (£89.5M) do not cover its short term liabilities (£167.1M).
Long Term Liabilities: 4ZQ's short term assets (£89.5M) do not cover its long term liabilities (£1.9B).
Debt to Equity History and Analysis
Debt Level: 4ZQ's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: 4ZQ's debt to equity ratio has increased from 43.1% to 44% over the past 5 years.
Debt Coverage: 4ZQ's debt is not well covered by operating cash flow (9%).
Interest Coverage: 4ZQ's interest payments on its debt are well covered by EBIT (4.5x coverage).