Alternative Income REIT Balance Sheet Health
Financial Health criteria checks 2/6
Alternative Income REIT has a total shareholder equity of £65.1M and total debt of £40.8M, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are £108.8M and £43.7M respectively. Alternative Income REIT's EBIT is £6.2M making its interest coverage ratio 4.4. It has cash and short-term investments of £3.3M.
Key information
62.7%
Debt to equity ratio
UK£40.83m
Debt
| Interest coverage ratio | 4.4x |
| Cash | UK£3.29m |
| Equity | UK£65.12m |
| Total liabilities | UK£43.72m |
| Total assets | UK£108.84m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AIRE's short term assets (£9.8M) exceed its short term liabilities (£2.9M).
Long Term Liabilities: AIRE's short term assets (£9.8M) do not cover its long term liabilities (£40.8M).
Debt to Equity History and Analysis
Debt Level: AIRE's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: AIRE's debt to equity ratio has increased from 52.8% to 62.7% over the past 5 years.
Debt Coverage: AIRE's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: AIRE's interest payments on its debt are well covered by EBIT (4.4x coverage).