First Real Estate Investment Trust of New Jersey Balance Sheet Health
Financial Health criteria checks 2/6
First Real Estate Investment Trust of New Jersey has a total shareholder equity of $16.7M and total debt of $129.2M, which brings its debt-to-equity ratio to 772.5%. Its total assets and total liabilities are $149.7M and $133.0M respectively. First Real Estate Investment Trust of New Jersey's EBIT is $6.4M making its interest coverage ratio 1. It has cash and short-term investments of $14.5M.
Key information
772.5%
Debt to equity ratio
US$129.18m
Debt
Interest coverage ratio | 1x |
Cash | US$14.49m |
Equity | US$16.72m |
Total liabilities | US$132.98m |
Total assets | US$149.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FREV.S's short term assets ($20.5M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: FREV.S's short term assets ($20.5M) do not cover its long term liabilities ($131.2M).
Debt to Equity History and Analysis
Debt Level: FREV.S's net debt to equity ratio (685.9%) is considered high.
Reducing Debt: FREV.S's debt to equity ratio has reduced from 1646.6% to 772.5% over the past 5 years.
Debt Coverage: FREV.S's debt is not well covered by operating cash flow (3.5%).
Interest Coverage: FREV.S's interest payments on its debt are not well covered by EBIT (1x coverage).