Target Healthcare REIT PLC

LSE:THRL Stock Report

Market Cap: UK£553.3m

Target Healthcare REIT Balance Sheet Health

Financial Health criteria checks 3/6

Target Healthcare REIT has a total shareholder equity of £689.3M and total debt of £240.7M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are £967.4M and £278.1M respectively. Target Healthcare REIT's EBIT is £58.0M making its interest coverage ratio 5.4. It has cash and short-term investments of £38.9M.

Key information

34.9%

Debt to equity ratio

UK£240.67m

Debt

Interest coverage ratio5.4x
CashUK£38.88m
EquityUK£689.29m
Total liabilitiesUK£278.08m
Total assetsUK£967.37m

Recent financial health updates

No updates

Recent updates

Target Healthcare REIT PLC Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 16
Target Healthcare REIT PLC Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

What Type Of Shareholders Own The Most Number of Target Healthcare REIT PLC (LON:THRL) Shares?

Mar 16
What Type Of Shareholders Own The Most Number of Target Healthcare REIT PLC (LON:THRL) Shares?

Target Healthcare REIT PLC (LON:THRL) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?

Jan 22
Target Healthcare REIT PLC (LON:THRL) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?

Financial Position Analysis

Short Term Liabilities: THRL's short term assets (£44.6M) exceed its short term liabilities (£27.5M).

Long Term Liabilities: THRL's short term assets (£44.6M) do not cover its long term liabilities (£250.6M).


Debt to Equity History and Analysis

Debt Level: THRL's net debt to equity ratio (29.3%) is considered satisfactory.

Reducing Debt: THRL's debt to equity ratio has increased from 25.9% to 34.9% over the past 5 years.

Debt Coverage: THRL's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: THRL's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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