Hektar Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Hektar Real Estate Investment Trust has a total shareholder equity of MYR672.7M and total debt of MYR562.2M, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are MYR1.3B and MYR642.1M respectively. Hektar Real Estate Investment Trust's EBIT is MYR51.3M making its interest coverage ratio 2. It has cash and short-term investments of MYR63.3M.
Key information
83.6%
Debt to equity ratio
RM562.23m
Debt
| Interest coverage ratio | 2x |
| Cash | RM63.31m |
| Equity | RM672.73m |
| Total liabilities | RM642.12m |
| Total assets | RM1.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HEKTAR's short term assets (MYR81.7M) exceed its short term liabilities (MYR26.5M).
Long Term Liabilities: HEKTAR's short term assets (MYR81.7M) do not cover its long term liabilities (MYR615.6M).
Debt to Equity History and Analysis
Debt Level: HEKTAR's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: HEKTAR's debt to equity ratio has reduced from 88.6% to 83.6% over the past 5 years.
Debt Coverage: HEKTAR's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: HEKTAR's interest payments on its debt are not well covered by EBIT (2x coverage).