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 SGD624.2M and total debt of SGD444.8M, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are SGD1.1B and SGD520.5M respectively. First Real Estate Investment Trust's EBIT is SGD91.9M making its interest coverage ratio 4.1. It has cash and short-term investments of SGD33.1M.
Key information
71.2%
Debt to equity ratio
S$444.77m
Debt
| Interest coverage ratio | 4.1x |
| Cash | S$33.08m |
| Equity | S$624.24m |
| Total liabilities | S$520.50m |
| Total assets | S$1.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FESN.F's short term assets (SGD43.9M) exceed its short term liabilities (SGD18.4M).
Long Term Liabilities: FESN.F's short term assets (SGD43.9M) do not cover its long term liabilities (SGD502.1M).
Debt to Equity History and Analysis
Debt Level: FESN.F's net debt to equity ratio (66%) is considered high.
Reducing Debt: FESN.F's debt to equity ratio has increased from 55.9% to 71.2% over the past 5 years.
Debt Coverage: FESN.F's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: FESN.F's interest payments on its debt are well covered by EBIT (4.1x coverage).