Redefine Properties Balance Sheet Health
Financial Health criteria checks 0/6
Redefine Properties has a total shareholder equity of ZAR53.2B and total debt of ZAR42.7B, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are ZAR101.9B and ZAR48.7B respectively. Redefine Properties's EBIT is ZAR5.7B making its interest coverage ratio 1.9. It has cash and short-term investments of ZAR530.5M.
Key information
80.3%
Debt to equity ratio
R42.74b
Debt
| Interest coverage ratio | 1.9x |
| Cash | R530.50m |
| Equity | R53.24b |
| Total liabilities | R48.68b |
| Total assets | R101.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RDF's short term assets (ZAR2.6B) do not cover its short term liabilities (ZAR5.0B).
Long Term Liabilities: RDF's short term assets (ZAR2.6B) do not cover its long term liabilities (ZAR43.7B).
Debt to Equity History and Analysis
Debt Level: RDF's net debt to equity ratio (79.3%) is considered high.
Reducing Debt: RDF's debt to equity ratio has increased from 75.5% to 80.3% over the past 5 years.
Debt Coverage: RDF's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: RDF's interest payments on its debt are not well covered by EBIT (1.9x coverage).