Grit Real Estate Income Group Balance Sheet Health
Financial Health criteria checks 2/6
Grit Real Estate Income Group has a total shareholder equity of $357.3M and total debt of $541.1M, which brings its debt-to-equity ratio to 151.4%. Its total assets and total liabilities are $1.1B and $697.1M respectively. Grit Real Estate Income Group's EBIT is $38.3M making its interest coverage ratio 0.8. It has cash and short-term investments of $18.8M.
Key information
151.4%
Debt to equity ratio
US$541.12m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$18.81m |
| Equity | US$357.31m |
| Total liabilities | US$697.08m |
| Total assets | US$1.05b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEL.C0000's short term assets ($147.9M) do not cover its short term liabilities ($498.3M).
Long Term Liabilities: DEL.C0000's short term assets ($147.9M) do not cover its long term liabilities ($198.8M).
Debt to Equity History and Analysis
Debt Level: DEL.C0000's net debt to equity ratio (146.2%) is considered high.
Reducing Debt: DEL.C0000's debt to equity ratio has increased from 99.2% to 151.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DEL.C0000 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DEL.C0000 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24% per year.