Prosperity Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Prosperity Real Estate Investment Trust has a total shareholder equity of HK$7.0B and total debt of HK$2.3B, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are HK$9.9B and HK$2.9B respectively. Prosperity Real Estate Investment Trust's EBIT is HK$276.4M making its interest coverage ratio -25.2. It has cash and short-term investments of HK$129.9M.
Key information
33.2%
Debt to equity ratio
HK$2.31b
Debt
| Interest coverage ratio | -25.2x |
| Cash | HK$129.94m |
| Equity | HK$6.97b |
| Total liabilities | HK$2.90b |
| Total assets | HK$9.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREU.F's short term assets (HK$141.3M) do not cover its short term liabilities (HK$335.8M).
Long Term Liabilities: PREU.F's short term assets (HK$141.3M) do not cover its long term liabilities (HK$2.6B).
Debt to Equity History and Analysis
Debt Level: PREU.F's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: PREU.F's debt to equity ratio has increased from 27.6% to 33.2% over the past 5 years.
Debt Coverage: PREU.F's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: PREU.F earns more interest than it pays, so coverage of interest payments is not a concern.