Elite Commercial REIT Balance Sheet Health
Financial Health criteria checks 3/6
Elite Commercial REIT has a total shareholder equity of £207.2M and total debt of £220.3M, which brings its debt-to-equity ratio to 106.3%. Its total assets and total liabilities are £444.0M and £236.8M respectively. Elite Commercial REIT's EBIT is £38.2M making its interest coverage ratio 3.1. It has cash and short-term investments of £20.8M.
Key information
106.3%
Debt to equity ratio
UK£220.31m
Debt
Interest coverage ratio | 3.1x |
Cash | UK£20.82m |
Equity | UK£207.24m |
Total liabilities | UK£236.80m |
Total assets | UK£444.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MXNU's short term assets (£29.8M) do not cover its short term liabilities (£141.6M).
Long Term Liabilities: MXNU's short term assets (£29.8M) do not cover its long term liabilities (£95.2M).
Debt to Equity History and Analysis
Debt Level: MXNU's net debt to equity ratio (96.3%) is considered high.
Reducing Debt: MXNU's debt to equity ratio has reduced from 216.8% to 106.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MXNU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MXNU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.1% per year.