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 €908.8M, which brings its debt-to-equity ratio to 77.4%. Its total assets and total liabilities are €2.1B and €956.6M respectively. Retail Estates's EBIT is €113.3M making its interest coverage ratio 5.3. It has cash and short-term investments of €7.1M.
Key information
77.4%
Debt to equity ratio
€908.79m
Debt
| Interest coverage ratio | 5.3x |
| Cash | €7.09m |
| Equity | €1.17b |
| Total liabilities | €956.58m |
| Total assets | €2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RETB's short term assets (€41.3M) do not cover its short term liabilities (€86.2M).
Long Term Liabilities: RETB's short term assets (€41.3M) do not cover its long term liabilities (€870.4M).
Debt to Equity History and Analysis
Debt Level: RETB's net debt to equity ratio (76.8%) is considered high.
Reducing Debt: RETB's debt to equity ratio has reduced from 114.8% to 77.4% over the past 5 years.
Debt Coverage: RETB's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: RETB's interest payments on its debt are well covered by EBIT (5.3x coverage).