Picton Property Income Limited

LSE:PCTN Stock Report

Market Cap: UK£398.7m

Picton Property Income Balance Sheet Health

Financial Health criteria checks 3/6

Picton Property Income has a total shareholder equity of £524.5M and total debt of £226.1M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are £773.9M and £249.4M respectively. Picton Property Income's EBIT is £31.3M making its interest coverage ratio 3.5. It has cash and short-term investments of £19.8M.

Key information

43.1%

Debt to equity ratio

UK£226.13m

Debt

Interest coverage ratio3.5x
CashUK£19.77m
EquityUK£524.48m
Total liabilitiesUK£249.44m
Total assetsUK£773.92m

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
Picton Property Income Limited's (LON:PCTN) CEO Might Not Expect Shareholders To Be So Generous This Year

Shareholders Of Picton Property Income (LON:PCTN) Must Be Happy With Their 57% Return

Feb 22
Shareholders Of Picton Property Income (LON:PCTN) Must Be Happy With Their 57% Return

Does Picton Property Income's (LON:PCTN) CEO Salary Compare Well With Industry Peers?

Jan 25
Does Picton Property Income's (LON:PCTN) CEO Salary Compare Well With Industry Peers?

What Type Of Shareholders Make Up Picton Property Income Limited's (LON:PCTN) Share Registry?

Dec 28
What Type Of Shareholders Make Up Picton Property Income Limited's (LON:PCTN) Share Registry?

Picton Property Income's (LON:PCTN) Stock Price Has Reduced 18% In The Past Year

Nov 23
Picton Property Income's (LON:PCTN) Stock Price Has Reduced 18% In The Past Year

Financial Position Analysis

Short Term Liabilities: PCTN's short term assets (£82.1M) exceed its short term liabilities (£21.9M).

Long Term Liabilities: PCTN's short term assets (£82.1M) do not cover its long term liabilities (£227.5M).


Debt to Equity History and Analysis

Debt Level: PCTN's net debt to equity ratio (39.3%) is considered satisfactory.

Reducing Debt: PCTN's debt to equity ratio has increased from 38.4% to 43.1% over the past 5 years.

Debt Coverage: PCTN's debt is not well covered by operating cash flow (8.9%).

Interest Coverage: PCTN's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


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