Retail Estates Balance Sheet Health
Financial Health criteria checks 2/6
Retail Estates has a total shareholder equity of €1.2B and total debt of €915.4M, which brings its debt-to-equity ratio to 78.7%. Its total assets and total liabilities are €2.1B and €962.8M respectively. Retail Estates's EBIT is €115.8M making its interest coverage ratio 5.3. It has cash and short-term investments of €2.9M.
Key information
78.7%
Debt to equity ratio
€915.42m
Debt
| Interest coverage ratio | 5.3x |
| Cash | €2.89m |
| Equity | €1.16b |
| Total liabilities | €962.79m |
| Total assets | €2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RETB's short term assets (€33.7M) do not cover its short term liabilities (€99.5M).
Long Term Liabilities: RETB's short term assets (€33.7M) do not cover its long term liabilities (€863.3M).
Debt to Equity History and Analysis
Debt Level: RETB's net debt to equity ratio (78.4%) is considered high.
Reducing Debt: RETB's debt to equity ratio has reduced from 115.1% to 78.7% over the past 5 years.
Debt Coverage: RETB's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: RETB's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 23:38 |
| End of Day Share Price | 2024/11/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Retail Estates N.V. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Steven Vlek | ABN AMRO Bank N.V. |
| Vincent Koppmair | Degroof Petercam |
| Inna Maslova | Degroof Petercam |