Plaza Centres Balance Sheet Health
Financial Health criteria checks 5/6
Plaza Centres has a total shareholder equity of €27.2M and total debt of €5.2M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are €37.0M and €9.8M respectively. Plaza Centres's EBIT is €1.6M making its interest coverage ratio 6.9. It has cash and short-term investments of €988.0K.
Key information
19.2%
Debt to equity ratio
€5.22m
Debt
| Interest coverage ratio | 6.9x |
| Cash | €987.96k |
| Equity | €27.21m |
| Total liabilities | €9.75m |
| Total assets | €36.97m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PZC's short term assets (€1.6M) exceed its short term liabilities (€1.3M).
Long Term Liabilities: PZC's short term assets (€1.6M) do not cover its long term liabilities (€8.4M).
Debt to Equity History and Analysis
Debt Level: PZC's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: PZC's debt to equity ratio has reduced from 42.6% to 19.2% over the past 5 years.
Debt Coverage: PZC's debt is well covered by operating cash flow (23.4%).
Interest Coverage: PZC's interest payments on its debt are well covered by EBIT (6.9x coverage).