British Land Balance Sheet Health
Financial Health criteria checks 1/6
British Land has a total shareholder equity of £5.3B and total debt of £2.3B, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are £8.0B and £2.7B respectively. British Land's EBIT is £439.0M making its interest coverage ratio 4.1. It has cash and short-term investments of £108.0M.
Key information
42.7%
Debt to equity ratio
UK£2.27b
Debt
| Interest coverage ratio | 4.1x |
| Cash | UK£108.00m |
| Equity | UK£5.31b |
| Total liabilities | UK£2.66b |
| Total assets | UK£7.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BLND's short term assets (£164.0M) do not cover its short term liabilities (£278.0M).
Long Term Liabilities: BLND's short term assets (£164.0M) do not cover its long term liabilities (£2.4B).
Debt to Equity History and Analysis
Debt Level: BLND's net debt to equity ratio (40.7%) is considered high.
Reducing Debt: BLND's debt to equity ratio has increased from 36.4% to 42.7% over the past 5 years.
Debt Coverage: BLND's debt is not well covered by operating cash flow (18%).
Interest Coverage: BLND's interest payments on its debt are well covered by EBIT (4.1x coverage).