Lar España Real Estate SOCIMI Balance Sheet Health
Financial Health criteria checks 2/6
Lar España Real Estate SOCIMI has a total shareholder equity of €885.5M and total debt of €650.8M, which brings its debt-to-equity ratio to 73.5%. Its total assets and total liabilities are €1.6B and €702.6M respectively. Lar España Real Estate SOCIMI's EBIT is €65.8M making its interest coverage ratio 7. It has cash and short-term investments of €244.2M.
Key information
73.5%
Debt to equity ratio
€650.79m
Debt
Interest coverage ratio | 7x |
Cash | €244.22m |
Equity | €885.55m |
Total liabilities | €702.59m |
Total assets | €1.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LARE.F's short term assets (€256.2M) exceed its short term liabilities (€22.3M).
Long Term Liabilities: LARE.F's short term assets (€256.2M) do not cover its long term liabilities (€680.3M).
Debt to Equity History and Analysis
Debt Level: LARE.F's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: LARE.F's debt to equity ratio has increased from 57.7% to 73.5% over the past 5 years.
Debt Coverage: LARE.F's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: LARE.F's interest payments on its debt are well covered by EBIT (7x coverage).