Empiric Student Property Balance Sheet Health
Financial Health criteria checks 1/6
Empiric Student Property has a total shareholder equity of £734.2M and total debt of £356.7M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are £1.2B and £416.1M respectively. Empiric Student Property's EBIT is £41.3M making its interest coverage ratio 2.4. It has cash and short-term investments of £40.5M.
Key information
48.6%
Debt to equity ratio
UK£356.70m
Debt
Interest coverage ratio | 2.4x |
Cash | UK£40.50m |
Equity | UK£734.20m |
Total liabilities | UK£416.10m |
Total assets | UK£1.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ESP's short term assets (£69.5M) do not cover its short term liabilities (£114.9M).
Long Term Liabilities: ESP's short term assets (£69.5M) do not cover its long term liabilities (£301.2M).
Debt to Equity History and Analysis
Debt Level: ESP's net debt to equity ratio (43.1%) is considered high.
Reducing Debt: ESP's debt to equity ratio has reduced from 50.7% to 48.6% over the past 5 years.
Debt Coverage: ESP's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: ESP's interest payments on its debt are not well covered by EBIT (2.4x coverage).