First Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
First Real Estate Investment Trust has a total shareholder equity of SGD660.2M and total debt of SGD450.1M, which brings its debt-to-equity ratio to 68.2%. Its total assets and total liabilities are SGD1.2B and SGD527.2M respectively. First Real Estate Investment Trust's EBIT is SGD93.4M making its interest coverage ratio 4.2. It has cash and short-term investments of SGD40.7M.
Key information
68.2%
Debt to equity ratio
S$450.12m
Debt
| Interest coverage ratio | 4.2x |
| Cash | S$40.68m |
| Equity | S$660.17m |
| Total liabilities | S$527.17m |
| Total assets | S$1.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AW9U's short term assets (SGD47.9M) exceed its short term liabilities (SGD17.7M).
Long Term Liabilities: AW9U's short term assets (SGD47.9M) do not cover its long term liabilities (SGD509.5M).
Debt to Equity History and Analysis
Debt Level: AW9U's net debt to equity ratio (62%) is considered high.
Reducing Debt: AW9U's debt to equity ratio has increased from 57.2% to 68.2% over the past 5 years.
Debt Coverage: AW9U's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: AW9U's interest payments on its debt are well covered by EBIT (4.2x coverage).