Kingston Properties Balance Sheet Health
Financial Health criteria checks 4/6
Kingston Properties has a total shareholder equity of $47.9M and total debt of $22.2M, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are $71.0M and $23.1M respectively. Kingston Properties's EBIT is $2.3M making its interest coverage ratio 3.5. It has cash and short-term investments of $3.2M.
Key information
46.4%
Debt to equity ratio
US$22.21m
Debt
Interest coverage ratio | 3.5x |
Cash | US$3.17m |
Equity | US$47.87m |
Total liabilities | US$23.08m |
Total assets | US$70.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KPREIT's short term assets ($4.0M) exceed its short term liabilities ($2.2M).
Long Term Liabilities: KPREIT's short term assets ($4.0M) do not cover its long term liabilities ($20.9M).
Debt to Equity History and Analysis
Debt Level: KPREIT's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: KPREIT's debt to equity ratio has reduced from 58.8% to 46.4% over the past 5 years.
Debt Coverage: KPREIT's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: KPREIT's interest payments on its debt are well covered by EBIT (3.5x coverage).