Equites Property Fund Balance Sheet Health
Financial Health criteria checks 2/6
Equites Property Fund has a total shareholder equity of ZAR16.6B and total debt of ZAR12.5B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are ZAR29.9B and ZAR13.4B respectively. Equites Property Fund's EBIT is ZAR1.8B making its interest coverage ratio 5.7. It has cash and short-term investments of ZAR78.3M.
Key information
75.6%
Debt to equity ratio
R12.52b
Debt
Interest coverage ratio | 5.7x |
Cash | R78.26m |
Equity | R16.56b |
Total liabilities | R13.35b |
Total assets | R29.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQU's short term assets (ZAR5.3B) exceed its short term liabilities (ZAR4.6B).
Long Term Liabilities: EQU's short term assets (ZAR5.3B) do not cover its long term liabilities (ZAR8.7B).
Debt to Equity History and Analysis
Debt Level: EQU's net debt to equity ratio (75.2%) is considered high.
Reducing Debt: EQU's debt to equity ratio has increased from 31.9% to 75.6% over the past 5 years.
Debt Coverage: EQU's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: EQU's interest payments on its debt are well covered by EBIT (5.7x coverage).