Sunlight Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Sunlight Real Estate Investment Trust has a total shareholder equity of HK$13.6B and total debt of HK$4.3B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are HK$18.5B and HK$4.9B respectively. Sunlight Real Estate Investment Trust's EBIT is HK$522.5M making its interest coverage ratio 6.1. It has cash and short-term investments of HK$587.3M.
Key information
31.9%
Debt to equity ratio
HK$4.34b
Debt
| Interest coverage ratio | 6.1x |
| Cash | HK$587.26m |
| Equity | HK$13.60b |
| Total liabilities | HK$4.87b |
| Total assets | HK$18.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHTR.F's short term assets (HK$671.7M) do not cover its short term liabilities (HK$1.6B).
Long Term Liabilities: SHTR.F's short term assets (HK$671.7M) do not cover its long term liabilities (HK$3.3B).
Debt to Equity History and Analysis
Debt Level: SHTR.F's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: SHTR.F's debt to equity ratio has increased from 29.1% to 31.9% over the past 5 years.
Debt Coverage: SHTR.F's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: SHTR.F's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/02/18 10:49 |
| End of Day Share Price | 2022/11/21 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sunlight Real Estate Investment Trust is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonas Kan | Daiwa Securities Co. Ltd. |
| Sumwai Wong | DBS Bank Ltd |
| Jeff Yau | DBS Vickers Research |