Fukuoka REIT Balance Sheet Health
Financial Health criteria checks 2/6
Fukuoka REIT has a total shareholder equity of ¥102.0B and total debt of ¥96.4B, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are ¥214.4B and ¥112.4B respectively. Fukuoka REIT's EBIT is ¥6.4B making its interest coverage ratio 8.9. It has cash and short-term investments of ¥3.3B.
Key information
94.5%
Debt to equity ratio
JP¥96.35b
Debt
Interest coverage ratio | 8.9x |
Cash | JP¥3.30b |
Equity | JP¥101.97b |
Total liabilities | JP¥112.42b |
Total assets | JP¥214.39b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8968's short term assets (¥9.1B) exceed its short term liabilities (¥6.2B).
Long Term Liabilities: 8968's short term assets (¥9.1B) do not cover its long term liabilities (¥106.2B).
Debt to Equity History and Analysis
Debt Level: 8968's net debt to equity ratio (91.2%) is considered high.
Reducing Debt: 8968's debt to equity ratio has increased from 76.1% to 94.5% over the past 5 years.
Debt Coverage: 8968's debt is not well covered by operating cash flow (8%).
Interest Coverage: 8968's interest payments on its debt are well covered by EBIT (8.9x coverage).