Balanced Commercial Property Trust Balance Sheet Health
Financial Health criteria checks 3/6
Balanced Commercial Property Trust has a total shareholder equity of £821.6M and total debt of £309.3M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are £1.2B and £331.6M respectively. Balanced Commercial Property Trust's EBIT is £45.7M making its interest coverage ratio 5.2. It has cash and short-term investments of £55.0M.
Key information
37.6%
Debt to equity ratio
UK£309.32m
Debt
Interest coverage ratio | 5.2x |
Cash | UK£54.99m |
Equity | UK£821.64m |
Total liabilities | UK£331.61m |
Total assets | UK£1.15b |
Financial Position Analysis
Short Term Liabilities: BCPT's short term assets (£68.7M) exceed its short term liabilities (£20.0M).
Long Term Liabilities: BCPT's short term assets (£68.7M) do not cover its long term liabilities (£311.6M).
Debt to Equity History and Analysis
Debt Level: BCPT's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: BCPT's debt to equity ratio has increased from 26.9% to 37.6% over the past 5 years.
Debt Coverage: BCPT's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: BCPT's interest payments on its debt are well covered by EBIT (5.2x coverage).