LXI REIT Balance Sheet Health
Financial Health criteria checks 1/6
LXI REIT has a total shareholder equity of £2.0B and total debt of £1.2B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are £3.6B and £1.6B respectively. LXI REIT's EBIT is £229.4M making its interest coverage ratio 2.8. It has cash and short-term investments of £102.0M.
Key information
62.3%
Debt to equity ratio
UK£1.24b
Debt
| Interest coverage ratio | 2.8x |
| Cash | UK£102.00m |
| Equity | UK£2.00b |
| Total liabilities | UK£1.63b |
| Total assets | UK£3.62b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LXI's short term assets (£233.6M) exceed its short term liabilities (£86.0M).
Long Term Liabilities: LXI's short term assets (£233.6M) do not cover its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: LXI's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: LXI's debt to equity ratio has increased from 42.4% to 62.3% over the past 5 years.
Debt Coverage: LXI's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: LXI's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/05 23:38 |
| End of Day Share Price | 2024/03/05 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2023/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
LXI REIT plc is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eleanor Frew | Barclays |
| Martyn King | Edison Investment Research |
| Miranda Cockburn | Panmure Liberum Historic (Panmure Gordon) |