Fukuoka REIT Balance Sheet Health
Financial Health criteria checks 2/6
Fukuoka REIT has a total shareholder equity of ¥101.9B and total debt of ¥86.5B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are ¥203.9B and ¥101.9B respectively. Fukuoka REIT's EBIT is ¥6.2B making its interest coverage ratio 10. It has cash and short-term investments of ¥6.3B.
Key information
84.8%
Debt to equity ratio
JP¥86.45b
Debt
| Interest coverage ratio | 10x |
| Cash | JP¥6.27b |
| Equity | JP¥101.93b |
| Total liabilities | JP¥101.94b |
| Total assets | JP¥203.87b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8968's short term assets (¥11.6B) exceed its short term liabilities (¥10.6B).
Long Term Liabilities: 8968's short term assets (¥11.6B) do not cover its long term liabilities (¥91.3B).
Debt to Equity History and Analysis
Debt Level: 8968's net debt to equity ratio (78.7%) is considered high.
Reducing Debt: 8968's debt to equity ratio has increased from 74.2% to 84.8% over the past 5 years.
Debt Coverage: 8968's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 8968's interest payments on its debt are well covered by EBIT (10x coverage).