Picton Property Income Balance Sheet Health
Financial Health criteria checks 3/6
Picton Property Income has a total shareholder equity of £524.8M and total debt of £209.1M, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are £756.5M and £231.7M respectively. Picton Property Income's EBIT is £31.4M making its interest coverage ratio 4. It has cash and short-term investments of £28.2M.
Key information
39.9%
Debt to equity ratio
UK£209.15m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£28.22m |
| Equity | UK£524.78m |
| Total liabilities | UK£231.69m |
| Total assets | UK£756.47m |
Recent financial health updates
No updates
Recent updates
Picton Property Income Limited's (LON:PCTN) CEO Might Not Expect Shareholders To Be So Generous This Year
Jul 23
Shareholders Of Picton Property Income (LON:PCTN) Must Be Happy With Their 57% Return
Feb 22Does Picton Property Income's (LON:PCTN) CEO Salary Compare Well With Industry Peers?
Jan 25
What Type Of Shareholders Make Up Picton Property Income Limited's (LON:PCTN) Share Registry?
Dec 28Picton Property Income's (LON:PCTN) Stock Price Has Reduced 18% In The Past Year
Nov 23Financial Position Analysis
Short Term Liabilities: PCTN's short term assets (£73.9M) exceed its short term liabilities (£21.3M).
Long Term Liabilities: PCTN's short term assets (£73.9M) do not cover its long term liabilities (£210.4M).
Debt to Equity History and Analysis
Debt Level: PCTN's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: PCTN's debt to equity ratio has increased from 36.1% to 39.9% over the past 5 years.
Debt Coverage: PCTN's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: PCTN's interest payments on its debt are well covered by EBIT (4x coverage).