Tower Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Tower Real Estate Investment Trust has a total shareholder equity of MYR568.3M and total debt of MYR232.4M, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are MYR836.6M and MYR268.3M respectively. Tower Real Estate Investment Trust's EBIT is MYR17.8M making its interest coverage ratio 1.4. It has cash and short-term investments of MYR24.2M.
Key information
40.9%
Debt to equity ratio
RM 232.37m
Debt
| Interest coverage ratio | 1.4x |
| Cash | RM 24.25m |
| Equity | RM 568.28m |
| Total liabilities | RM 268.27m |
| Total assets | RM 836.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWRREIT's short term assets (MYR29.4M) exceed its short term liabilities (MYR12.7M).
Long Term Liabilities: TWRREIT's short term assets (MYR29.4M) do not cover its long term liabilities (MYR255.5M).
Debt to Equity History and Analysis
Debt Level: TWRREIT's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: TWRREIT's debt to equity ratio has increased from 1.1% to 40.9% over the past 5 years.
Debt Coverage: TWRREIT's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: TWRREIT's interest payments on its debt are not well covered by EBIT (1.4x coverage).