Real Estate Credit Investments Balance Sheet Health
Financial Health criteria checks 4/6
Real Estate Credit Investments has a total shareholder equity of £338.8M and total debt of £59.3M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are £408.5M and £69.7M respectively. Real Estate Credit Investments's EBIT is £30.6M making its interest coverage ratio 6.4. It has cash and short-term investments of £5.4M.
Key information
17.5%
Debt to equity ratio
UK£59.33m
Debt
Interest coverage ratio | 6.4x |
Cash | UK£5.41m |
Equity | UK£338.80m |
Total liabilities | UK£69.67m |
Total assets | UK£408.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RECI's short term assets (£12.6M) do not cover its short term liabilities (£69.7M).
Long Term Liabilities: RECI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RECI's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: RECI's debt to equity ratio has increased from 13.3% to 17.5% over the past 5 years.
Debt Coverage: RECI's debt is well covered by operating cash flow (129.2%).
Interest Coverage: RECI's interest payments on its debt are well covered by EBIT (6.4x coverage).