Heriot REIT Balance Sheet Health
Financial Health criteria checks 1/6
Heriot REIT has a total shareholder equity of ZAR5.4B and total debt of ZAR4.0B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are ZAR9.7B and ZAR4.2B respectively. Heriot REIT's EBIT is ZAR571.2M making its interest coverage ratio 1.9. It has cash and short-term investments of ZAR45.6M.
Key information
74.1%
Debt to equity ratio
R4.02b
Debt
Interest coverage ratio | 1.9x |
Cash | R45.57m |
Equity | R5.43b |
Total liabilities | R4.24b |
Total assets | R9.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HET's short term assets (ZAR317.4M) exceed its short term liabilities (ZAR196.0M).
Long Term Liabilities: HET's short term assets (ZAR317.4M) do not cover its long term liabilities (ZAR4.0B).
Debt to Equity History and Analysis
Debt Level: HET's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: HET's debt to equity ratio has increased from 54.1% to 74.1% over the past 5 years.
Debt Coverage: HET's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: HET's interest payments on its debt are not well covered by EBIT (1.9x coverage).