Grit Real Estate Income Group Balance Sheet Health
Financial Health criteria checks 2/6
Grit Real Estate Income Group has a total shareholder equity of $309.1M and total debt of $468.8M, which brings its debt-to-equity ratio to 151.7%. Its total assets and total liabilities are $893.6M and $584.5M respectively. Grit Real Estate Income Group's EBIT is $36.0M making its interest coverage ratio 1. It has cash and short-term investments of $6.8M.
Key information
151.7%
Debt to equity ratio
US$468.79m
Debt
Interest coverage ratio | 1x |
Cash | US$6.78m |
Equity | US$309.12m |
Total liabilities | US$584.46m |
Total assets | US$893.58m |
Recent financial health updates
No updates
Recent updates
We Think Some Shareholders May Hesitate To Increase Grit Real Estate Income Group Limited's (LON:GR1T) CEO Compensation
Dec 13We Think Shareholders Should Be Aware Of Some Factors Beyond Grit Real Estate Income Group's (LON:GR1T) Profit
Mar 04Is Grit Real Estate Income Group Limited (LON:GR1T) At Risk Of Cutting Its Dividend?
Feb 18Financial Position Analysis
Short Term Liabilities: GR1T's short term assets ($33.6M) do not cover its short term liabilities ($122.3M).
Long Term Liabilities: GR1T's short term assets ($33.6M) do not cover its long term liabilities ($462.1M).
Debt to Equity History and Analysis
Debt Level: GR1T's net debt to equity ratio (149.5%) is considered high.
Reducing Debt: GR1T's debt to equity ratio has increased from 87.5% to 151.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GR1T has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GR1T is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.1% per year.