Horizon Group Properties Balance Sheet Health
Financial Health criteria checks 4/6
Horizon Group Properties has a total shareholder equity of $93.7M and total debt of $22.6M, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are $126.6M and $32.9M respectively. Horizon Group Properties's EBIT is $8.6M making its interest coverage ratio 28.8. It has cash and short-term investments of $2.2M.
Key information
24.2%
Debt to equity ratio
US$22.63m
Debt
| Interest coverage ratio | 28.8x |
| Cash | US$2.18m |
| Equity | US$93.71m |
| Total liabilities | US$32.90m |
| Total assets | US$126.61m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: HGPI's short term assets ($6.8M) do not cover its short term liabilities ($10.1M).
Long Term Liabilities: HGPI's short term assets ($6.8M) do not cover its long term liabilities ($22.8M).
Debt to Equity History and Analysis
Debt Level: HGPI's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: HGPI's debt to equity ratio has reduced from 63.8% to 24.2% over the past 5 years.
Debt Coverage: HGPI's debt is well covered by operating cash flow (24.9%).
Interest Coverage: HGPI's interest payments on its debt are well covered by EBIT (28.8x coverage).