Redefine Properties Balance Sheet Health
Financial Health criteria checks 0/6
Redefine Properties has a total shareholder equity of ZAR52.9B and total debt of ZAR40.0B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are ZAR99.4B and ZAR46.6B respectively. Redefine Properties's EBIT is ZAR5.4B making its interest coverage ratio 2.2. It has cash and short-term investments of ZAR760.9M.
Key information
75.6%
Debt to equity ratio
R39.97b
Debt
Interest coverage ratio | 2.2x |
Cash | R760.88m |
Equity | R52.88b |
Total liabilities | R46.57b |
Total assets | R99.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RDF's short term assets (ZAR2.5B) do not cover its short term liabilities (ZAR9.1B).
Long Term Liabilities: RDF's short term assets (ZAR2.5B) do not cover its long term liabilities (ZAR37.5B).
Debt to Equity History and Analysis
Debt Level: RDF's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: RDF's debt to equity ratio has increased from 63.7% to 75.6% over the past 5 years.
Debt Coverage: RDF's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: RDF's interest payments on its debt are not well covered by EBIT (2.2x coverage).