Picton Property Income Balance Sheet Health
Financial Health criteria checks 3/6
Picton Property Income has a total shareholder equity of £537.1M and total debt of £225.2M, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are £783.4M and £246.3M respectively. Picton Property Income's EBIT is £29.9M making its interest coverage ratio 3.2. It has cash and short-term investments of £17.2M.
Key information
41.9%
Debt to equity ratio
UK£225.21m
Debt
| Interest coverage ratio | 3.2x |
| Cash | UK£17.21m |
| Equity | UK£537.05m |
| Total liabilities | UK£246.34m |
| Total assets | UK£783.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCTN.F's short term assets (£43.3M) exceed its short term liabilities (£19.7M).
Long Term Liabilities: PCTN.F's short term assets (£43.3M) do not cover its long term liabilities (£226.6M).
Debt to Equity History and Analysis
Debt Level: PCTN.F's net debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: PCTN.F's debt to equity ratio has increased from 38.5% to 41.9% over the past 5 years.
Debt Coverage: PCTN.F's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: PCTN.F's interest payments on its debt are well covered by EBIT (3.2x coverage).