LondonMetric Property Financial Health
Financial Health criteria checks 2/6
LondonMetric Property has a total shareholder equity of £2.0B and total debt of £1.0B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are £3.1B and £1.1B respectively. LondonMetric Property's EBIT is £118.5M making its interest coverage ratio 4.2. It has cash and short-term investments of £32.6M.
Debt to equity ratio
|Interest coverage ratio||4.2x|
Recent financial health updates
Are Poor Financial Prospects Dragging Down LondonMetric Property Plc (LON:LMP Stock?Mar 16
How Much Is LondonMetric Property Plc (LON:LMP) Paying Its CEO?Jan 14
Have Insiders Sold LondonMetric Property Plc (LON:LMP) Shares Recently?Dec 18
LondonMetric Property Plc's (LON:LMP) Dismal Stock Performance Reflects Weak FundamentalsNov 23
Financial Position Analysis
Short Term Liabilities: LMP's short term assets (£59.3M) do not cover its short term liabilities (£130.9M).
Long Term Liabilities: LMP's short term assets (£59.3M) do not cover its long term liabilities (£951.9M).
Debt to Equity History and Analysis
Debt Level: LMP's net debt to equity ratio (49%) is considered high.
Reducing Debt: LMP's debt to equity ratio has reduced from 56% to 50.6% over the past 5 years.
Debt Coverage: LMP's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: LMP's interest payments on its debt are well covered by EBIT (4.2x coverage).