Tritax Big Box REIT Balance Sheet Health
Financial Health criteria checks 1/6
Tritax Big Box REIT has a total shareholder equity of £3.4B and total debt of £1.6B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are £5.2B and £1.8B respectively. Tritax Big Box REIT's EBIT is £181.7M making its interest coverage ratio 4.8. It has cash and short-term investments of £47.6M.
Key information
48.2%
Debt to equity ratio
UK£1.61b
Debt
Interest coverage ratio | 4.8x |
Cash | UK£47.60m |
Equity | UK£3.35b |
Total liabilities | UK£1.81b |
Total assets | UK£5.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BBOX N's short term assets (£97.6M) do not cover its short term liabilities (£147.0M).
Long Term Liabilities: BBOX N's short term assets (£97.6M) do not cover its long term liabilities (£1.7B).
Debt to Equity History and Analysis
Debt Level: BBOX N's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: BBOX N's debt to equity ratio has increased from 36.7% to 48.2% over the past 5 years.
Debt Coverage: BBOX N's debt is not well covered by operating cash flow (11%).
Interest Coverage: BBOX N's interest payments on its debt are well covered by EBIT (4.8x coverage).