Newpark REIT Balance Sheet Health
Financial Health criteria checks 1/6
Newpark REIT has a total shareholder equity of ZAR642.0M and total debt of ZAR474.5M, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are ZAR1.1B and ZAR493.8M respectively. Newpark REIT's EBIT is ZAR96.9M making its interest coverage ratio 2.3. It has cash and short-term investments of ZAR16.6M.
Key information
73.9%
Debt to equity ratio
R474.50m
Debt
Interest coverage ratio | 2.3x |
Cash | R16.62m |
Equity | R641.95m |
Total liabilities | R493.77m |
Total assets | R1.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRL's short term assets (ZAR23.0M) exceed its short term liabilities (ZAR19.3M).
Long Term Liabilities: NRL's short term assets (ZAR23.0M) do not cover its long term liabilities (ZAR474.5M).
Debt to Equity History and Analysis
Debt Level: NRL's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: NRL's debt to equity ratio has increased from 50.4% to 73.9% over the past 5 years.
Debt Coverage: NRL's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: NRL's interest payments on its debt are not well covered by EBIT (2.3x coverage).