Horizon Group Properties Balance Sheet Health
Financial Health criteria checks 5/6
Horizon Group Properties has a total shareholder equity of $93.2M and total debt of $2.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are $105.4M and $12.2M respectively. Horizon Group Properties's EBIT is $7.4M making its interest coverage ratio 56. It has cash and short-term investments of $6.8M.
Key information
2.1%
Debt to equity ratio
US$1.97m
Debt
Interest coverage ratio | 56x |
Cash | US$6.78m |
Equity | US$93.20m |
Total liabilities | US$12.16m |
Total assets | US$105.35m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: HGPI's short term assets ($7.8M) do not cover its short term liabilities ($9.5M).
Long Term Liabilities: HGPI's short term assets ($7.8M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: HGPI has more cash than its total debt.
Reducing Debt: HGPI's debt to equity ratio has reduced from 63% to 2.1% over the past 5 years.
Debt Coverage: HGPI's debt is well covered by operating cash flow (265.7%).
Interest Coverage: HGPI's interest payments on its debt are well covered by EBIT (56x coverage).