Reit 1 Balance Sheet Health
Financial Health criteria checks 2/6
Reit 1 has a total shareholder equity of ₪4.0B and total debt of ₪3.8B, which brings its debt-to-equity ratio to 93.7%. Its total assets and total liabilities are ₪8.1B and ₪4.0B respectively. Reit 1's EBIT is ₪342.1M making its interest coverage ratio 6.5. It has cash and short-term investments of ₪42.7M.
Key information
93.7%
Debt to equity ratio
₪3.78b
Debt
Interest coverage ratio | 6.5x |
Cash | ₪42.71m |
Equity | ₪4.03b |
Total liabilities | ₪4.03b |
Total assets | ₪8.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RIT1's short term assets (₪144.1M) do not cover its short term liabilities (₪1.0B).
Long Term Liabilities: RIT1's short term assets (₪144.1M) do not cover its long term liabilities (₪3.0B).
Debt to Equity History and Analysis
Debt Level: RIT1's net debt to equity ratio (92.7%) is considered high.
Reducing Debt: RIT1's debt to equity ratio has reduced from 95.7% to 93.7% over the past 5 years.
Debt Coverage: RIT1's debt is not well covered by operating cash flow (5%).
Interest Coverage: RIT1's interest payments on its debt are well covered by EBIT (6.5x coverage).