Trade Estates REIC Balance Sheet Health
Financial Health criteria checks 0/6
Trade Estates REIC has a total shareholder equity of €303.6M and total debt of €223.8M, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are €557.2M and €253.5M respectively. Trade Estates REIC's EBIT is €22.0M making its interest coverage ratio 2. It has cash and short-term investments of €20.8M.
Key information
73.7%
Debt to equity ratio
€223.78m
Debt
| Interest coverage ratio | 2x |
| Cash | €20.80m |
| Equity | €303.63m |
| Total liabilities | €253.53m |
| Total assets | €557.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRESTATES's short term assets (€29.5M) do not cover its short term liabilities (€54.8M).
Long Term Liabilities: TRESTATES's short term assets (€29.5M) do not cover its long term liabilities (€198.7M).
Debt to Equity History and Analysis
Debt Level: TRESTATES's net debt to equity ratio (66.9%) 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 (7.4%).
Interest Coverage: TRESTATES's interest payments on its debt are not well covered by EBIT (2x coverage).