Equites Property Fund Balance Sheet Health
Financial Health criteria checks 2/6
Equites Property Fund has a total shareholder equity of ZAR16.9B and total debt of ZAR12.5B, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are ZAR30.4B and ZAR13.6B respectively. Equites Property Fund's EBIT is ZAR1.8B making its interest coverage ratio 4.9. It has cash and short-term investments of ZAR514.8M.
Key information
74.4%
Debt to equity ratio
R12.54b
Debt
| Interest coverage ratio | 4.9x |
| Cash | R514.82m |
| Equity | R16.86b |
| Total liabilities | R13.59b |
| Total assets | R30.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQU's short term assets (ZAR4.8B) exceed its short term liabilities (ZAR3.3B).
Long Term Liabilities: EQU's short term assets (ZAR4.8B) do not cover its long term liabilities (ZAR10.3B).
Debt to Equity History and Analysis
Debt Level: EQU's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: EQU's debt to equity ratio has increased from 41.5% to 74.4% over the past 5 years.
Debt Coverage: EQU's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: EQU's interest payments on its debt are well covered by EBIT (4.9x coverage).