Heiwa Real Estate REIT Balance Sheet Health
Financial Health criteria checks 2/6
Heiwa Real Estate REIT has a total shareholder equity of ¥118.5B and total debt of ¥112.5B, which brings its debt-to-equity ratio to 94.9%. Its total assets and total liabilities are ¥240.9B and ¥122.3B respectively. Heiwa Real Estate REIT's EBIT is ¥8.5B making its interest coverage ratio 9.9. It has cash and short-term investments of ¥12.9B.
Key information
94.9%
Debt to equity ratio
JP¥112.54b
Debt
Interest coverage ratio | 9.9x |
Cash | JP¥12.87b |
Equity | JP¥118.53b |
Total liabilities | JP¥122.34b |
Total assets | JP¥240.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8966's short term assets (¥17.5B) exceed its short term liabilities (¥17.0B).
Long Term Liabilities: 8966's short term assets (¥17.5B) do not cover its long term liabilities (¥105.3B).
Debt to Equity History and Analysis
Debt Level: 8966's net debt to equity ratio (84.1%) is considered high.
Reducing Debt: 8966's debt to equity ratio has increased from 84.7% to 94.9% over the past 5 years.
Debt Coverage: 8966's debt is not well covered by operating cash flow (10%).
Interest Coverage: 8966's interest payments on its debt are well covered by EBIT (9.9x coverage).