Triple Point Social Housing REIT Balance Sheet Health
Financial Health criteria checks 2/6
Triple Point Social Housing REIT has a total shareholder equity of £447.6M and total debt of £261.2M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are £713.0M and £265.4M respectively. Triple Point Social Housing REIT's EBIT is £27.0M making its interest coverage ratio 3.6. It has cash and short-term investments of £29.0M.
Key information
58.3%
Debt to equity ratio
UK£261.18m
Debt
Interest coverage ratio | 3.6x |
Cash | UK£29.01m |
Equity | UK£447.62m |
Total liabilities | UK£265.43m |
Total assets | UK£713.05m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SOHO's short term assets (£33.3M) exceed its short term liabilities (£2.7M).
Long Term Liabilities: SOHO's short term assets (£33.3M) do not cover its long term liabilities (£262.7M).
Debt to Equity History and Analysis
Debt Level: SOHO's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: SOHO's debt to equity ratio has increased from 18.5% to 58.3% over the past 5 years.
Debt Coverage: SOHO's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: SOHO's interest payments on its debt are well covered by EBIT (3.6x coverage).