Real Estate Credit Investments Balance Sheet Health
Financial Health criteria checks 5/6
Real Estate Credit Investments has a total shareholder equity of £326.4M and total debt of £23.8M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are £352.3M and £25.9M respectively. Real Estate Credit Investments's EBIT is £25.1M making its interest coverage ratio 7.1. It has cash and short-term investments of £18.3M.
Key information
7.3%
Debt to equity ratio
UK£23.79m
Debt
| Interest coverage ratio | 7.1x |
| Cash | UK£18.29m |
| Equity | UK£326.38m |
| Total liabilities | UK£25.87m |
| Total assets | UK£352.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RECIL's short term assets (£22.9M) do not cover its short term liabilities (£25.9M).
Long Term Liabilities: RECIL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RECIL's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: RECIL's debt to equity ratio has reduced from 39.5% to 7.3% over the past 5 years.
Debt Coverage: RECIL's debt is well covered by operating cash flow (407%).
Interest Coverage: RECIL's interest payments on its debt are well covered by EBIT (7.1x coverage).