Al-Salam Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
Al-Salam Real Estate Investment Trust has a total shareholder equity of MYR646.4M and total debt of MYR639.6M, which brings its debt-to-equity ratio to 98.9%. Its total assets and total liabilities are MYR1.3B and MYR669.7M respectively. Al-Salam Real Estate Investment Trust's EBIT is MYR45.7M making its interest coverage ratio 1.3. It has cash and short-term investments of MYR38.8M.
Key information
98.9%
Debt to equity ratio
RM639.62m
Debt
Interest coverage ratio | 1.3x |
Cash | RM38.84m |
Equity | RM646.41m |
Total liabilities | RM669.65m |
Total assets | RM1.32b |
Financial Position Analysis
Short Term Liabilities: ALSREIT's short term assets (MYR75.3M) do not cover its short term liabilities (MYR140.4M).
Long Term Liabilities: ALSREIT's short term assets (MYR75.3M) do not cover its long term liabilities (MYR529.3M).
Debt to Equity History and Analysis
Debt Level: ALSREIT's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: ALSREIT's debt to equity ratio has increased from 82.1% to 98.9% 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 (1.3x coverage).