GMP Property SOCIMI Balance Sheet Health
Financial Health criteria checks 3/6
GMP Property SOCIMI has a total shareholder equity of €1.6B and total debt of €863.9M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are €2.6B and €969.2M respectively. GMP Property SOCIMI's EBIT is €58.1M making its interest coverage ratio 5.3. It has cash and short-term investments of €77.0M.
Key information
53.0%
Debt to equity ratio
€863.92m
Debt
Interest coverage ratio | 5.3x |
Cash | €76.99m |
Equity | €1.63b |
Total liabilities | €969.18m |
Total assets | €2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YGMP's short term assets (€133.0M) exceed its short term liabilities (€40.1M).
Long Term Liabilities: YGMP's short term assets (€133.0M) do not cover its long term liabilities (€929.1M).
Debt to Equity History and Analysis
Debt Level: YGMP's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: YGMP's debt to equity ratio has reduced from 77.5% to 53% over the past 5 years.
Debt Coverage: YGMP's debt is not well covered by operating cash flow (6%).
Interest Coverage: YGMP's interest payments on its debt are well covered by EBIT (5.3x coverage).