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 £442.2M and total debt of £261.3M, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are £708.0M and £265.8M respectively. Triple Point Social Housing REIT's EBIT is £29.8M making its interest coverage ratio 4. It has cash and short-term investments of £28.9M.
Key information
59.1%
Debt to equity ratio
UK£261.32m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£28.88m |
| Equity | UK£442.18m |
| Total liabilities | UK£265.78m |
| Total assets | UK£707.95m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SOHO's short term assets (£54.1M) exceed its short term liabilities (£3.2M).
Long Term Liabilities: SOHO's short term assets (£54.1M) do not cover its long term liabilities (£262.6M).
Debt to Equity History and Analysis
Debt Level: SOHO's net debt to equity ratio (52.6%) is considered high.
Reducing Debt: SOHO's debt to equity ratio has increased from 26.6% to 59.1% over the past 5 years.
Debt Coverage: SOHO's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: SOHO's interest payments on its debt are well covered by EBIT (4x coverage).