Urban Logistics REIT Balance Sheet Health
Financial Health criteria checks 3/6
Urban Logistics REIT has a total shareholder equity of £766.1M and total debt of £349.0M, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are £1.2B and £389.8M respectively. Urban Logistics REIT's EBIT is £47.8M making its interest coverage ratio 3.8. It has cash and short-term investments of £32.9M.
Key information
45.6%
Debt to equity ratio
UK£348.97m
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£32.94m |
| Equity | UK£766.11m |
| Total liabilities | UK£389.84m |
| Total assets | UK£1.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SHED's short term assets (£41.9M) exceed its short term liabilities (£25.1M).
Long Term Liabilities: SHED's short term assets (£41.9M) do not cover its long term liabilities (£364.8M).
Debt to Equity History and Analysis
Debt Level: SHED's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: SHED's debt to equity ratio has reduced from 56.6% to 45.6% over the past 5 years.
Debt Coverage: SHED's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: SHED's interest payments on its debt are well covered by EBIT (3.8x coverage).