Glenveagh Properties Balance Sheet Health
Financial Health criteria checks 4/6
Glenveagh Properties has a total shareholder equity of €681.6M and total debt of €280.6M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are €1.1B and €414.9M respectively. Glenveagh Properties's EBIT is €70.7M making its interest coverage ratio 4.3. It has cash and short-term investments of €40.7M.
Key information
41.2%
Debt to equity ratio
€280.59m
Debt
| Interest coverage ratio | 4.3x |
| Cash | €40.69m |
| Equity | €681.62m |
| Total liabilities | €414.91m |
| Total assets | €1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GVRI's short term assets (€1.0B) exceed its short term liabilities (€129.7M).
Long Term Liabilities: GVRI's short term assets (€1.0B) exceed its long term liabilities (€285.2M).
Debt to Equity History and Analysis
Debt Level: GVRI's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: GVRI's debt to equity ratio has increased from 9.5% to 41.2% over the past 5 years.
Debt Coverage: GVRI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GVRI's interest payments on its debt are well covered by EBIT (4.3x coverage).