Growthpoint Properties Balance Sheet Health
Financial Health criteria checks 1/6
Growthpoint Properties has a total shareholder equity of ZAR88.1B and total debt of ZAR71.0B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are ZAR169.3B and ZAR81.2B respectively. Growthpoint Properties's EBIT is ZAR8.9B making its interest coverage ratio 2.2. It has cash and short-term investments of ZAR2.7B.
Key information
80.6%
Debt to equity ratio
R71.03b
Debt
| Interest coverage ratio | 2.2x |
| Cash | R2.66b |
| Equity | R88.12b |
| Total liabilities | R81.19b |
| Total assets | R169.31b |
Recent financial health updates
No updates
Recent updates
Some Analysts Just Cut Their Growthpoint Properties Limited (JSE:GRT) Estimates
Nov 25
Shareholders Will Probably Be Cautious Of Increasing Growthpoint Properties Limited's (JSE:GRT) CEO Compensation At The Moment
Nov 09Need To Know: The Consensus Just Cut Its Growthpoint Properties Limited (JSE:GRT) Estimates For 2021
Mar 23Would Shareholders Who Purchased Growthpoint Properties' (JSE:GRT) Stock Three Years Be Happy With The Share price Today?
Feb 28Are Insiders Selling Growthpoint Properties Limited (JSE:GRT) Stock?
Feb 01
What Can We Make Of Growthpoint Properties' (JSE:GRT) CEO Compensation?
Jan 05Financial Position Analysis
Short Term Liabilities: GRT's short term assets (ZAR6.3B) exceed its short term liabilities (ZAR4.8B).
Long Term Liabilities: GRT's short term assets (ZAR6.3B) do not cover its long term liabilities (ZAR76.4B).
Debt to Equity History and Analysis
Debt Level: GRT's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: GRT's debt to equity ratio has increased from 60.8% to 80.6% over the past 5 years.
Debt Coverage: GRT's debt is not well covered by operating cash flow (8%).
Interest Coverage: GRT's interest payments on its debt are not well covered by EBIT (2.2x coverage).