Parkway Life Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Parkway Life Real Estate Investment Trust has a total shareholder equity of SGD1.4B and total debt of SGD830.0M, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are SGD2.3B and SGD919.6M respectively. Parkway Life Real Estate Investment Trust's EBIT is SGD121.6M making its interest coverage ratio 11.6. It has cash and short-term investments of SGD28.5M.
Key information
58.7%
Debt to equity ratio
S$829.96m
Debt
| Interest coverage ratio | 11.6x |
| Cash | S$28.50m |
| Equity | S$1.41b |
| Total liabilities | S$919.58m |
| Total assets | S$2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRKW.F's short term assets (SGD63.9M) do not cover its short term liabilities (SGD86.5M).
Long Term Liabilities: PRKW.F's short term assets (SGD63.9M) do not cover its long term liabilities (SGD833.0M).
Debt to Equity History and Analysis
Debt Level: PRKW.F's net debt to equity ratio (56.7%) is considered high.
Reducing Debt: PRKW.F's debt to equity ratio has reduced from 60.1% to 58.7% over the past 5 years.
Debt Coverage: PRKW.F's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: PRKW.F's interest payments on its debt are well covered by EBIT (11.6x coverage).