Empiric Student Property Balance Sheet Health
Financial Health criteria checks 1/6
Empiric Student Property has a total shareholder equity of £748.4M and total debt of £397.7M, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are £1.2B and £443.7M respectively. Empiric Student Property's EBIT is £41.7M making its interest coverage ratio 2.4. It has cash and short-term investments of £44.7M.
Key information
53.1%
Debt to equity ratio
UK£397.70m
Debt
| Interest coverage ratio | 2.4x |
| Cash | UK£44.70m |
| Equity | UK£748.40m |
| Total liabilities | UK£443.70m |
| Total assets | UK£1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESPL's short term assets (£65.4M) exceed its short term liabilities (£45.1M).
Long Term Liabilities: ESPL's short term assets (£65.4M) do not cover its long term liabilities (£398.6M).
Debt to Equity History and Analysis
Debt Level: ESPL's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: ESPL's debt to equity ratio has increased from 52.8% to 53.1% over the past 5 years.
Debt Coverage: ESPL's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: ESPL's interest payments on its debt are not well covered by EBIT (2.4x coverage).