Alternative Income REIT Balance Sheet Health
Financial Health criteria checks 2/6
Alternative Income REIT has a total shareholder equity of £65.7M and total debt of £40.8M, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are £109.4M and £43.7M respectively. Alternative Income REIT's EBIT is £6.3M making its interest coverage ratio 4.5. It has cash and short-term investments of £2.9M.
Key information
62.1%
Debt to equity ratio
UK£40.78m
Debt
Interest coverage ratio | 4.5x |
Cash | UK£2.88m |
Equity | UK£65.70m |
Total liabilities | UK£43.68m |
Total assets | UK£109.38m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AIRE's short term assets (£9.5M) exceed its short term liabilities (£2.9M).
Long Term Liabilities: AIRE's short term assets (£9.5M) do not cover its long term liabilities (£40.8M).
Debt to Equity History and Analysis
Debt Level: AIRE's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: AIRE's debt to equity ratio has increased from 37.6% to 62.1% over the past 5 years.
Debt Coverage: AIRE's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: AIRE's interest payments on its debt are well covered by EBIT (4.5x coverage).