Urban Logistics REIT Balance Sheet Health
Financial Health criteria checks 2/6
Urban Logistics REIT has a total shareholder equity of £758.6M and total debt of £349.0M, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are £1.1B and £389.3M respectively. Urban Logistics REIT's EBIT is £48.4M making its interest coverage ratio 2.9. It has cash and short-term investments of £31.0M.
Key information
46.0%
Debt to equity ratio
UK£348.99m
Debt
| Interest coverage ratio | 2.9x |
| Cash | UK£31.01m |
| Equity | UK£758.65m |
| Total liabilities | UK£389.30m |
| Total assets | UK£1.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SHED's short term assets (£40.9M) exceed its short term liabilities (£24.5M).
Long Term Liabilities: SHED's short term assets (£40.9M) do not cover its long term liabilities (£364.8M).
Debt to Equity History and Analysis
Debt Level: SHED's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: SHED's debt to equity ratio has reduced from 59.9% to 46% over the past 5 years.
Debt Coverage: SHED's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: SHED's interest payments on its debt are not well covered by EBIT (2.9x coverage).