Silver Star Properties REIT Balance Sheet Health
Financial Health criteria checks 4/6
Silver Star Properties REIT has a total shareholder equity of $201.2M and total debt of $15.5M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $245.0M and $43.8M respectively. Silver Star Properties REIT's EBIT is $8.9M making its interest coverage ratio 0.4. It has cash and short-term investments of $1.3M.
Key information
7.7%
Debt to equity ratio
US$15.54m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$1.32m |
| Equity | US$201.21m |
| Total liabilities | US$43.83m |
| Total assets | US$245.04m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLVS's short term assets ($32.5M) do not cover its short term liabilities ($35.6M).
Long Term Liabilities: SLVS's short term assets ($32.5M) exceed its long term liabilities ($8.3M).
Debt to Equity History and Analysis
Debt Level: SLVS's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: SLVS's debt to equity ratio has reduced from 141.4% to 7.7% over the past 5 years.
Debt Coverage: SLVS's debt is well covered by operating cash flow (71.3%).
Interest Coverage: SLVS's interest payments on its debt are not well covered by EBIT (0.4x coverage).