GLP J-REIT Balance Sheet Health
Financial Health criteria checks 2/6
GLP J-REIT has a total shareholder equity of ¥472.3B and total debt of ¥396.6B, which brings its debt-to-equity ratio to 84%. Its total assets and total liabilities are ¥896.2B and ¥423.9B respectively. GLP J-REIT's EBIT is ¥25.5B making its interest coverage ratio 10.6. It has cash and short-term investments of ¥35.5B.
Key information
84.0%
Debt to equity ratio
JP¥396.56b
Debt
| Interest coverage ratio | 10.6x |
| Cash | JP¥35.51b |
| Equity | JP¥472.32b |
| Total liabilities | JP¥423.91b |
| Total assets | JP¥896.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLPJ.F's short term assets (¥40.0B) do not cover its short term liabilities (¥41.8B).
Long Term Liabilities: GLPJ.F's short term assets (¥40.0B) do not cover its long term liabilities (¥382.2B).
Debt to Equity History and Analysis
Debt Level: GLPJ.F's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: GLPJ.F's debt to equity ratio has reduced from 86.9% to 84% over the past 5 years.
Debt Coverage: GLPJ.F's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: GLPJ.F's interest payments on its debt are well covered by EBIT (10.6x coverage).