LondonMetric Property Balance Sheet Health
Financial Health criteria checks 1/6
LondonMetric Property has a total shareholder equity of £4.0B and total debt of £2.3B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are £6.5B and £2.5B respectively. LondonMetric Property's EBIT is £156.6M making its interest coverage ratio 4.6. It has cash and short-term investments of £111.9M.
Key information
57.8%
Debt to equity ratio
UK£2.30b
Debt
| Interest coverage ratio | 4.6x |
| Cash | UK£111.90m |
| Equity | UK£3.97b |
| Total liabilities | UK£2.51b |
| Total assets | UK£6.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: LMP's short term assets (£142.9M) do not cover its short term liabilities (£209.0M).
Long Term Liabilities: LMP's short term assets (£142.9M) do not cover its long term liabilities (£2.3B).
Debt to Equity History and Analysis
Debt Level: LMP's net debt to equity ratio (55%) is considered high.
Reducing Debt: LMP's debt to equity ratio has increased from 46.1% to 57.8% over the past 5 years.
Debt Coverage: LMP's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: LMP's interest payments on its debt are well covered by EBIT (4.6x coverage).