Axis Real Estate Investment Trust

KLSE:AXREIT Stock Report

Market Cap: RM 3.1b

Axis Real Estate Investment Trust Balance Sheet Health

Financial Health criteria checks 2/6

Axis Real Estate Investment Trust has a total shareholder equity of MYR2.8B and total debt of MYR1.9B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are MYR4.9B and MYR2.0B respectively. Axis Real Estate Investment Trust's EBIT is MYR219.3M making its interest coverage ratio 3.2. It has cash and short-term investments of MYR12.8M.

Key information

66.4%

Debt to equity ratio

RM 1.88b

Debt

Interest coverage ratio3.2x
CashRM 12.79m
EquityRM 2.82b
Total liabilitiesRM 2.05b
Total assetsRM 4.87b

Recent financial health updates

No updates

Recent updates

Do Insiders Own Lots Of Shares In Axis Real Estate Investment Trust (KLSE:AXREIT)?

Mar 18
Do Insiders Own Lots Of Shares In Axis Real Estate Investment Trust (KLSE:AXREIT)?

Shareholders Of Axis Real Estate Investment Trust (KLSE:AXREIT) Must Be Happy With Their 62% Return

Feb 11
Shareholders Of Axis Real Estate Investment Trust (KLSE:AXREIT) Must Be Happy With Their 62% Return

Does Axis Real Estate Investment Trust (KLSE:AXREIT) Deserve A Spot On Your Watchlist?

Jan 07
Does Axis Real Estate Investment Trust (KLSE:AXREIT) Deserve A Spot On Your Watchlist?

Are Axis Real Estate Investment Trust's (KLSE:AXREIT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

Dec 12
Are Axis Real Estate Investment Trust's (KLSE:AXREIT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

Financial Position Analysis

Short Term Liabilities: AXREIT's short term assets (MYR283.1M) do not cover its short term liabilities (MYR1.2B).

Long Term Liabilities: AXREIT's short term assets (MYR283.1M) do not cover its long term liabilities (MYR877.8M).


Debt to Equity History and Analysis

Debt Level: AXREIT's net debt to equity ratio (66%) is considered high.

Reducing Debt: AXREIT's debt to equity ratio has reduced from 71.6% to 66.4% over the past 5 years.

Debt Coverage: AXREIT's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: AXREIT's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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