Kingston Properties Balance Sheet Health
Financial Health criteria checks 2/6
Kingston Properties has a total shareholder equity of $48.8M and total debt of $26.5M, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are $76.3M and $27.5M respectively. Kingston Properties's EBIT is $2.8M making its interest coverage ratio 2.9. It has cash and short-term investments of $5.5M.
Key information
54.2%
Debt to equity ratio
US$26.47m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$5.47m |
| Equity | US$48.80m |
| Total liabilities | US$27.48m |
| Total assets | US$76.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KPREIT's short term assets ($13.1M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: KPREIT's short term assets ($13.1M) do not cover its long term liabilities ($24.9M).
Debt to Equity History and Analysis
Debt Level: KPREIT's net debt to equity ratio (43%) is considered high.
Reducing Debt: KPREIT's debt to equity ratio has reduced from 55% to 54.2% over the past 5 years.
Debt Coverage: KPREIT's debt is not well covered by operating cash flow (12%).
Interest Coverage: KPREIT's interest payments on its debt are not well covered by EBIT (2.9x coverage).