MERLIN Properties SOCIMI Balance Sheet Health
Financial Health criteria checks 3/6
MERLIN Properties SOCIMI has a total shareholder equity of €6.5B and total debt of €4.5B, which brings its debt-to-equity ratio to 69.3%. Its total assets and total liabilities are €12.1B and €5.5B respectively. MERLIN Properties SOCIMI's EBIT is €392.4M making its interest coverage ratio 3.9. It has cash and short-term investments of €461.2M.
Key information
69.3%
Debt to equity ratio
€4.53b
Debt
Interest coverage ratio | 3.9x |
Cash | €461.22m |
Equity | €6.54b |
Total liabilities | €5.53b |
Total assets | €12.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEQA's short term assets (€595.2M) exceed its short term liabilities (€214.7M).
Long Term Liabilities: MEQA's short term assets (€595.2M) do not cover its long term liabilities (€5.3B).
Debt to Equity History and Analysis
Debt Level: MEQA's net debt to equity ratio (62.3%) is considered high.
Reducing Debt: MEQA's debt to equity ratio has reduced from 81.8% to 69.3% over the past 5 years.
Debt Coverage: MEQA's debt is not well covered by operating cash flow (5%).
Interest Coverage: MEQA's interest payments on its debt are well covered by EBIT (3.9x coverage).