Tritax Big Box REIT Balance Sheet Health
Financial Health criteria checks 1/6
Tritax Big Box REIT has a total shareholder equity of £3.3B and total debt of £1.6B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are £5.1B and £1.8B respectively. Tritax Big Box REIT's EBIT is £190.7M making its interest coverage ratio 4.5. It has cash and short-term investments of £36.4M.
Key information
48.4%
Debt to equity ratio
UK£1.62b
Debt
Interest coverage ratio | 4.5x |
Cash | UK£36.40m |
Equity | UK£3.33b |
Total liabilities | UK£1.77b |
Total assets | UK£5.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTBX.F's short term assets (£58.4M) do not cover its short term liabilities (£147.7M).
Long Term Liabilities: TTBX.F's short term assets (£58.4M) do not cover its long term liabilities (£1.6B).
Debt to Equity History and Analysis
Debt Level: TTBX.F's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: TTBX.F's debt to equity ratio has increased from 36.6% to 48.4% over the past 5 years.
Debt Coverage: TTBX.F's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: TTBX.F's interest payments on its debt are well covered by EBIT (4.5x coverage).