Kenedix Retail REIT Balance Sheet Health
Financial Health criteria checks 2/6
Kenedix Retail REIT has a total shareholder equity of ¥142.6B and total debt of ¥129.3B, which brings its debt-to-equity ratio to 90.7%. Its total assets and total liabilities are ¥287.6B and ¥145.0B respectively. Kenedix Retail REIT's EBIT is ¥9.0B making its interest coverage ratio 8. It has cash and short-term investments of ¥4.8B.
Key information
90.7%
Debt to equity ratio
JP¥129.30b
Debt
Interest coverage ratio | 8x |
Cash | JP¥4.80b |
Equity | JP¥142.57b |
Total liabilities | JP¥145.00b |
Total assets | JP¥287.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3453's short term assets (¥15.4B) exceed its short term liabilities (¥13.8B).
Long Term Liabilities: 3453's short term assets (¥15.4B) do not cover its long term liabilities (¥131.2B).
Debt to Equity History and Analysis
Debt Level: 3453's net debt to equity ratio (87.3%) is considered high.
Reducing Debt: 3453's debt to equity ratio has increased from 85% to 90.7% over the past 5 years.
Debt Coverage: 3453's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 3453's interest payments on its debt are well covered by EBIT (8x coverage).