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CT Property Trust Balance Sheet Health
Financial Health criteria checks 3/6
CT Property Trust has a total shareholder equity of £221.4M and total debt of £90.0M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are £321.0M and £99.7M respectively. CT Property Trust's EBIT is £14.9M making its interest coverage ratio 4.6. It has cash and short-term investments of £32.3M.
Key information
40.7%
Debt to equity ratio
UK£90.01m
Debt
| Interest coverage ratio | 4.6x |
| Cash | UK£32.32m |
| Equity | UK£221.35m |
| Total liabilities | UK£99.66m |
| Total assets | UK£321.01m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CTPT's short term assets (£35.0M) exceed its short term liabilities (£8.9M).
Long Term Liabilities: CTPT's short term assets (£35.0M) do not cover its long term liabilities (£90.7M).
Debt to Equity History and Analysis
Debt Level: CTPT's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: CTPT's debt to equity ratio has increased from 40.5% to 40.7% over the past 5 years.
Debt Coverage: CTPT's debt is not well covered by operating cash flow (18%).
Interest Coverage: CTPT's interest payments on its debt are well covered by EBIT (4.6x coverage).