British Land Balance Sheet Health
Financial Health criteria checks 1/6
British Land has a total shareholder equity of £5.4B and total debt of £2.3B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are £8.1B and £2.7B respectively. British Land's EBIT is £430.0M making its interest coverage ratio 4.2. It has cash and short-term investments of £152.0M.
Key information
43.1%
Debt to equity ratio
UK£2.32b
Debt
Interest coverage ratio | 4.2x |
Cash | UK£152.00m |
Equity | UK£5.37b |
Total liabilities | UK£2.73b |
Total assets | UK£8.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLDA's short term assets (£221.0M) do not cover its short term liabilities (£587.0M).
Long Term Liabilities: BLDA's short term assets (£221.0M) do not cover its long term liabilities (£2.1B).
Debt to Equity History and Analysis
Debt Level: BLDA's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: BLDA's debt to equity ratio has increased from 30.8% to 43.1% over the past 5 years.
Debt Coverage: BLDA's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: BLDA's interest payments on its debt are well covered by EBIT (4.2x coverage).