Prosperity Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Prosperity Real Estate Investment Trust has a total shareholder equity of HK$6.9B and total debt of HK$2.3B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are HK$9.8B and HK$2.9B respectively. Prosperity Real Estate Investment Trust's EBIT is HK$280.1M making its interest coverage ratio 2. It has cash and short-term investments of HK$81.2M.
Key information
34.1%
Debt to equity ratio
HK$2.35b
Debt
Interest coverage ratio | 2x |
Cash | HK$81.17m |
Equity | HK$6.89b |
Total liabilities | HK$2.92b |
Total assets | HK$9.81b |
Financial Position Analysis
Short Term Liabilities: 808's short term assets (HK$92.7M) do not cover its short term liabilities (HK$348.1M).
Long Term Liabilities: 808's short term assets (HK$92.7M) do not cover its long term liabilities (HK$2.6B).
Debt to Equity History and Analysis
Debt Level: 808's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: 808's debt to equity ratio has increased from 27.1% to 34.1% over the past 5 years.
Debt Coverage: 808's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: 808's interest payments on its debt are not well covered by EBIT (2x coverage).