NewRiver REIT Balance Sheet Health
Financial Health criteria checks 3/6
NewRiver REIT has a total shareholder equity of £367.7M and total debt of £297.2M, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are £773.3M and £405.6M respectively. NewRiver REIT's EBIT is £26.4M making its interest coverage ratio 2. It has cash and short-term investments of £137.3M.
Key information
80.8%
Debt to equity ratio
UK£297.20m
Debt
Interest coverage ratio | 2x |
Cash | UK£137.30m |
Equity | UK£367.70m |
Total liabilities | UK£405.60m |
Total assets | UK£773.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRRL's short term assets (£147.6M) exceed its short term liabilities (£32.3M).
Long Term Liabilities: NRRL's short term assets (£147.6M) do not cover its long term liabilities (£373.3M).
Debt to Equity History and Analysis
Debt Level: NRRL's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: NRRL's debt to equity ratio has increased from 59.4% to 80.8% 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 NRRL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NRRL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.3% per year.