Warehouse REIT Balance Sheet Health
Financial Health criteria checks 2/6
Warehouse REIT has a total shareholder equity of £535.6M and total debt of £280.4M, which brings its debt-to-equity ratio to 52.4%. Its total assets and total liabilities are £859.1M and £323.5M respectively. Warehouse REIT's EBIT is £35.0M making its interest coverage ratio 2.4. It has cash and short-term investments of £17.7M.
Key information
52.4%
Debt to equity ratio
UK£280.41m
Debt
Interest coverage ratio | 2.4x |
Cash | UK£17.72m |
Equity | UK£535.59m |
Total liabilities | UK£323.54m |
Total assets | UK£859.13m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: WHR's short term assets (£158.3M) exceed its short term liabilities (£28.9M).
Long Term Liabilities: WHR's short term assets (£158.3M) do not cover its long term liabilities (£294.6M).
Debt to Equity History and Analysis
Debt Level: WHR's net debt to equity ratio (49%) is considered high.
Reducing Debt: WHR's debt to equity ratio has reduced from 68.8% to 52.4% over the past 5 years.
Debt Coverage: WHR's debt is not well covered by operating cash flow (11%).
Interest Coverage: WHR's interest payments on its debt are not well covered by EBIT (2.4x coverage).