LondonMetric Property Balance Sheet Health
Financial Health criteria checks 2/6
LondonMetric Property has a total shareholder equity of £4.1B and total debt of £2.1B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are £6.6B and £2.5B respectively. LondonMetric Property's EBIT is £270.5M making its interest coverage ratio 4.6. It has cash and short-term investments of £85.5M.
Key information
52.9%
Debt to equity ratio
UK£2.14b
Debt
| Interest coverage ratio | 4.6x |
| Cash | UK£85.50m |
| Equity | UK£4.05b |
| Total liabilities | UK£2.55b |
| Total assets | UK£6.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LMPL's short term assets (£131.1M) do not cover its short term liabilities (£201.6M).
Long Term Liabilities: LMPL's short term assets (£131.1M) do not cover its long term liabilities (£2.3B).
Debt to Equity History and Analysis
Debt Level: LMPL's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: LMPL's debt to equity ratio has reduced from 62.7% to 52.9% over the past 5 years.
Debt Coverage: LMPL's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: LMPL's interest payments on its debt are well covered by EBIT (4.6x coverage).