Care REIT Balance Sheet Health
Financial Health criteria checks 3/6
Care REIT has a total shareholder equity of £490.2M and total debt of £185.4M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are £684.3M and £194.0M respectively. Care REIT's EBIT is £46.5M making its interest coverage ratio 3.8. It has cash and short-term investments of £9.6M.
Key information
37.8%
Debt to equity ratio
UK£185.43m
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£9.58m |
| Equity | UK£490.23m |
| Total liabilities | UK£194.05m |
| Total assets | UK£684.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IHRL's short term assets (£10.0M) exceed its short term liabilities (£6.4M).
Long Term Liabilities: IHRL's short term assets (£10.0M) do not cover its long term liabilities (£187.7M).
Debt to Equity History and Analysis
Debt Level: IHRL's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: IHRL's debt to equity ratio has increased from 7.8% to 37.8% over the past 5 years.
Debt Coverage: IHRL's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: IHRL's interest payments on its debt are well covered by EBIT (3.8x coverage).