Lar España Real Estate SOCIMI Balance Sheet Health
Financial Health criteria checks 2/6
Lar España Real Estate SOCIMI has a total shareholder equity of €883.9M and total debt of €655.8M, which brings its debt-to-equity ratio to 74.2%. Its total assets and total liabilities are €1.6B and €708.2M respectively. Lar España Real Estate SOCIMI's EBIT is €66.2M making its interest coverage ratio 5.5. It has cash and short-term investments of €91.2M.
Key information
74.2%
Debt to equity ratio
€655.84m
Debt
Interest coverage ratio | 5.5x |
Cash | €91.21m |
Equity | €883.86m |
Total liabilities | €708.23m |
Total assets | €1.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LRE N's short term assets (€382.9M) exceed its short term liabilities (€27.5M).
Long Term Liabilities: LRE N's short term assets (€382.9M) do not cover its long term liabilities (€680.8M).
Debt to Equity History and Analysis
Debt Level: LRE N's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: LRE N's debt to equity ratio has increased from 56.1% to 74.2% over the past 5 years.
Debt Coverage: LRE N's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: LRE N's interest payments on its debt are well covered by EBIT (5.5x coverage).