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.

Key information

46.4%

Debt to equity ratio

UK£1.57b

Debt

Interest coverage ratio4.3x
CashUK£45.90m
EquityUK£3.38b
Total liabilitiesUK£1.76b
Total assetsUK£5.14b

Recent financial health updates

No updates

Recent updates

Trade Alert: The Partner Of Tritax Big Box REIT plc (LON:BBOX), James Dunlop, Has Just Spent UK£270k Buying 7.8% More Shares

Mar 17
Trade Alert: The Partner Of Tritax Big Box REIT plc (LON:BBOX), James Dunlop, Has Just Spent UK£270k Buying 7.8% More Shares

Are Insiders Buying Tritax Big Box REIT plc (LON:BBOX) Stock?

Dec 27
Are Insiders Buying Tritax Big Box REIT plc (LON:BBOX) Stock?

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).


Balance Sheet


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