Meridia Real Estate III SOCIMI Balance Sheet Health
Financial Health criteria checks 2/6
Meridia Real Estate III SOCIMI has a total shareholder equity of €112.4M and total debt of €103.8M, which brings its debt-to-equity ratio to 92.4%. Its total assets and total liabilities are €244.8M and €132.4M respectively. Meridia Real Estate III SOCIMI's EBIT is €940.6K making its interest coverage ratio 0.2. It has cash and short-term investments of €6.0M.
Key information
92.4%
Debt to equity ratio
€103.85m
Debt
| Interest coverage ratio | 0.2x |
| Cash | €5.99m |
| Equity | €112.43m |
| Total liabilities | €132.36m |
| Total assets | €244.80m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: YMRE's short term assets (€46.3M) exceed its short term liabilities (€17.9M).
Long Term Liabilities: YMRE's short term assets (€46.3M) do not cover its long term liabilities (€114.4M).
Debt to Equity History and Analysis
Debt Level: YMRE's net debt to equity ratio (87%) is considered high.
Reducing Debt: YMRE's debt to equity ratio has reduced from 95.9% to 92.4% over the past 5 years.
Debt Coverage: YMRE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: YMRE's interest payments on its debt are not well covered by EBIT (0.2x coverage).