MERLIN Properties SOCIMI Balance Sheet Health
Financial Health criteria checks 3/6
MERLIN Properties SOCIMI has a total shareholder equity of €7.5B and total debt of €5.1B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are €13.5B and €5.9B respectively. MERLIN Properties SOCIMI's EBIT is €371.9M making its interest coverage ratio 4.1. It has cash and short-term investments of €1.7B.
Key information
67.7%
Debt to equity ratio
€5.10b
Debt
| Interest coverage ratio | 4.1x |
| Cash | €1.68b |
| Equity | €7.54b |
| Total liabilities | €5.91b |
| Total assets | €13.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRL's short term assets (€1.8B) exceed its short term liabilities (€818.9M).
Long Term Liabilities: MRL's short term assets (€1.8B) do not cover its long term liabilities (€5.1B).
Debt to Equity History and Analysis
Debt Level: MRL's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: MRL's debt to equity ratio has reduced from 84.6% to 67.7% over the past 5 years.
Debt Coverage: MRL's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: MRL's interest payments on its debt are well covered by EBIT (4.1x coverage).