Trade Estates REIC Balance Sheet Health
Financial Health criteria checks 0/6
Trade Estates REIC has a total shareholder equity of €298.4M and total debt of €217.1M, which brings its debt-to-equity ratio to 72.7%. Its total assets and total liabilities are €543.8M and €245.4M respectively. Trade Estates REIC's EBIT is €16.8M making its interest coverage ratio 2.3. It has cash and short-term investments of €19.1M.
Key information
72.7%
Debt to equity ratio
€217.06m
Debt
Interest coverage ratio | 2.3x |
Cash | €19.08m |
Equity | €298.41m |
Total liabilities | €245.42m |
Total assets | €543.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRESTATES's short term assets (€27.9M) do not cover its short term liabilities (€51.6M).
Long Term Liabilities: TRESTATES's short term assets (€27.9M) do not cover its long term liabilities (€193.8M).
Debt to Equity History and Analysis
Debt Level: TRESTATES's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: Insufficient data to determine if TRESTATES's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TRESTATES's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: TRESTATES's interest payments on its debt are not well covered by EBIT (2.3x coverage).