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 $357.3M and total debt of $541.1M, which brings its debt-to-equity ratio to 151.4%. Its total assets and total liabilities are $1.1B and $697.1M respectively. Grit Real Estate Income Group's EBIT is $38.3M making its interest coverage ratio 0.8. It has cash and short-term investments of $18.8M.
Key information
151.4%
Debt to equity ratio
US$541.12m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$18.81m |
| Equity | US$357.31m |
| Total liabilities | US$697.08m |
| Total assets | US$1.05b |
Recent financial health updates
Recent updates
A Look At The Fair Value Of Grit Real Estate Income Group Limited (LON:GR1T)
Nov 20
Grit Real Estate Income Group (LON:GR1T) Use Of Debt Could Be Considered Risky
Jun 26We 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 18
Financial Position Analysis
Short Term Liabilities: GR1T's short term assets ($147.9M) do not cover its short term liabilities ($498.3M).
Long Term Liabilities: GR1T's short term assets ($147.9M) do not cover its long term liabilities ($198.8M).
Debt to Equity History and Analysis
Debt Level: GR1T's net debt to equity ratio (146.2%) is considered high.
Reducing Debt: GR1T's debt to equity ratio has increased from 99.2% to 151.4% 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 24% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:22 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Grit Real Estate Income Group Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Stacey | Capital Network by Proactive Investors |
| Moses Njuguna | EFG-Hermes Research |
| Tracy Kivunyu | Tellimer Research |