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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 02:05 |
| End of Day Share Price | 2024/12/09 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
First Real Estate Investment Trust is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | BofA Global Research |
| Mun Yee Lock | CGS International |
| Wendy Koh | Citigroup Inc |