NewRiver REIT Balance Sheet Health
Financial Health criteria checks 2/6
NewRiver REIT has a total shareholder equity of £361.1M and total debt of £296.6M, which brings its debt-to-equity ratio to 82.1%. Its total assets and total liabilities are £759.6M and £398.5M respectively. NewRiver REIT's EBIT is £32.5M making its interest coverage ratio 3.3. It has cash and short-term investments of £132.8M.
Key information
82.1%
Debt to equity ratio
UK£296.60m
Debt
| Interest coverage ratio | 3.3x |
| Cash | UK£132.80m |
| Equity | UK£361.10m |
| Total liabilities | UK£398.50m |
| Total assets | UK£759.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRRL's short term assets (£144.2M) exceed its short term liabilities (£26.7M).
Long Term Liabilities: NRRL's short term assets (£144.2M) do not cover its long term liabilities (£371.8M).
Debt to Equity History and Analysis
Debt Level: NRRL's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: NRRL's debt to equity ratio has increased from 63.2% to 82.1% over the past 5 years.
Debt Coverage: NRRL's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: NRRL's interest payments on its debt are well covered by EBIT (3.3x coverage).