Al-Salam Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Al-Salam Real Estate Investment Trust has a total shareholder equity of MYR648.7M and total debt of MYR640.5M, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are MYR1.3B and MYR666.2M respectively. Al-Salam Real Estate Investment Trust's EBIT is MYR46.8M making its interest coverage ratio 1.2. It has cash and short-term investments of MYR5.9M.
Key information
98.7%
Debt to equity ratio
RM 640.48m
Debt
| Interest coverage ratio | 1.2x |
| Cash | RM 5.86m |
| Equity | RM 648.68m |
| Total liabilities | RM 666.19m |
| Total assets | RM 1.31b |
Financial Position Analysis
Short Term Liabilities: ALSREIT's short term assets (MYR73.8M) exceed its short term liabilities (MYR55.4M).
Long Term Liabilities: ALSREIT's short term assets (MYR73.8M) do not cover its long term liabilities (MYR610.8M).
Debt to Equity History and Analysis
Debt Level: ALSREIT's net debt to equity ratio (97.8%) is considered high.
Reducing Debt: ALSREIT's debt to equity ratio has increased from 96.5% to 98.7% over the past 5 years.
Debt Coverage: ALSREIT's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: ALSREIT's interest payments on its debt are not well covered by EBIT (1.2x coverage).