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Industrials REIT Balance Sheet Health
Financial Health criteria checks 4/6
Industrials REIT has a total shareholder equity of £495.0M and total debt of £177.6M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are £700.1M and £205.1M respectively. Industrials REIT's EBIT is £23.2M making its interest coverage ratio 9.1. It has cash and short-term investments of £33.9M.
Key information
35.9%
Debt to equity ratio
UK£177.56m
Debt
Interest coverage ratio | 9.1x |
Cash | UK£33.88m |
Equity | UK£495.00m |
Total liabilities | UK£205.06m |
Total assets | UK£700.07m |
Recent financial health updates
Recent updates
Have Insiders Sold Stenprop Limited (JSE:STP) Shares Recently?
Feb 21How Does Stenprop's (JSE:STP) CEO Pay Compare With Company Performance?
Jan 29What Kind Of Investors Own Most Of Stenprop Limited (JSE:STP)?
Jan 07Insider Buying: Neil Marais Just Spent UK£537k On Stenprop Limited (JSE:STP) Shares
Dec 16Stenprop (JSE:STP) Has Compensated Shareholders With A Respectable 67% Return On Their Investment
Dec 02Financial Position Analysis
Short Term Liabilities: MLI's short term assets (£49.3M) exceed its short term liabilities (£27.3M).
Long Term Liabilities: MLI's short term assets (£49.3M) do not cover its long term liabilities (£177.7M).
Debt to Equity History and Analysis
Debt Level: MLI's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: MLI's debt to equity ratio has reduced from 82% to 35.9% over the past 5 years.
Debt Coverage: MLI's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (9.1x coverage).