Tritax Big Box REIT Balance Sheet Health
Financial Health criteria checks 2/6
Tritax Big Box REIT has a total shareholder equity of £3.4B and total debt of £1.6B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are £5.1B and £1.8B respectively. Tritax Big Box REIT's EBIT is £190.4M making its interest coverage ratio 4.3. It has cash and short-term investments of £45.9M.
Debt to equity ratio
|Interest coverage ratio
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BBOX's short term assets (£154.8M) exceed its short term liabilities (£147.6M).
Long Term Liabilities: BBOX's short term assets (£154.8M) do not cover its long term liabilities (£1.6B).
Debt to Equity History and Analysis
Debt Level: BBOX's net debt to equity ratio (45%) is considered high.
Reducing Debt: BBOX's debt to equity ratio has increased from 32.6% to 46.4% over the past 5 years.
Debt Coverage: BBOX's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: BBOX's interest payments on its debt are well covered by EBIT (4.3x coverage).