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 ratio | 5.4x |
| Cash | UK£38.88m |
| Equity | UK£689.29m |
| Total liabilities | UK£278.08m |
| Total assets | UK£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
What Type Of Shareholders Own The Most Number of Target Healthcare REIT PLC (LON:THRL) Shares?
Mar 16Target Healthcare REIT PLC (LON:THRL) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?
Jan 22Financial 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:24 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Target Healthcare REIT PLC is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tom Horne | Berenberg |
| Martyn King | Edison Investment Research |
| Michael Prew | Jefferies LLC |