Redefine Properties Balance Sheet Health
Financial Health criteria checks 0/6
Redefine Properties has a total shareholder equity of ZAR51.7B and total debt of ZAR39.6B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are ZAR97.4B and ZAR45.7B respectively. Redefine Properties's EBIT is ZAR5.3B making its interest coverage ratio 2.6. It has cash and short-term investments of ZAR1.3B.
Key information
76.6%
Debt to equity ratio
R39.58b
Debt
Interest coverage ratio | 2.6x |
Cash | R1.34b |
Equity | R51.66b |
Total liabilities | R45.75b |
Total assets | R97.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDPE.F's short term assets (ZAR3.2B) do not cover its short term liabilities (ZAR8.4B).
Long Term Liabilities: RDPE.F's short term assets (ZAR3.2B) do not cover its long term liabilities (ZAR37.4B).
Debt to Equity History and Analysis
Debt Level: RDPE.F's net debt to equity ratio (74%) is considered high.
Reducing Debt: RDPE.F's debt to equity ratio has increased from 62.8% to 76.6% over the past 5 years.
Debt Coverage: RDPE.F's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: RDPE.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).