Fortune Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Fortune Real Estate Investment Trust has a total shareholder equity of HK$28.1B and total debt of HK$9.7B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are HK$39.5B and HK$11.4B respectively. Fortune Real Estate Investment Trust's EBIT is HK$1.2B making its interest coverage ratio 3.4. It has cash and short-term investments of HK$111.3M.
Key information
34.4%
Debt to equity ratio
HK$9.66b
Debt
Interest coverage ratio | 3.4x |
Cash | HK$111.33m |
Equity | HK$28.08b |
Total liabilities | HK$11.43b |
Total assets | HK$39.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRIV.F's short term assets (HK$205.1M) do not cover its short term liabilities (HK$1.7B).
Long Term Liabilities: FRIV.F's short term assets (HK$205.1M) do not cover its long term liabilities (HK$9.7B).
Debt to Equity History and Analysis
Debt Level: FRIV.F's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: FRIV.F's debt to equity ratio has increased from 27.7% to 34.4% over the past 5 years.
Debt Coverage: FRIV.F's debt is not well covered by operating cash flow (12%).
Interest Coverage: FRIV.F's interest payments on its debt are well covered by EBIT (3.4x coverage).