GLP J-REIT Balance Sheet Health
Financial Health criteria checks 3/6
GLP J-REIT has a total shareholder equity of ¥465.3B and total debt of ¥396.6B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are ¥890.8B and ¥425.5B respectively. GLP J-REIT's EBIT is ¥26.6B making its interest coverage ratio 12. It has cash and short-term investments of ¥24.3B.
Key information
85.2%
Debt to equity ratio
JP¥396.56b
Debt
| Interest coverage ratio | 12x |
| Cash | JP¥24.33b |
| Equity | JP¥465.34b |
| Total liabilities | JP¥425.45b |
| Total assets | JP¥890.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3281's short term assets (¥43.4B) exceed its short term liabilities (¥41.2B).
Long Term Liabilities: 3281's short term assets (¥43.4B) do not cover its long term liabilities (¥384.3B).
Debt to Equity History and Analysis
Debt Level: 3281's net debt to equity ratio (80%) is considered high.
Reducing Debt: 3281's debt to equity ratio has reduced from 86% to 85.2% over the past 5 years.
Debt Coverage: 3281's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 3281's interest payments on its debt are well covered by EBIT (12x coverage).