Spear Reit Balance Sheet Health
Financial Health criteria checks 0/6
Spear Reit has a total shareholder equity of ZAR2.6B and total debt of ZAR1.8B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are ZAR4.5B and ZAR1.9B respectively. Spear Reit's EBIT is ZAR324.5M making its interest coverage ratio 2.3. It has cash and short-term investments of ZAR25.0M.
Key information
68.7%
Debt to equity ratio
R1.79b
Debt
Interest coverage ratio | 2.3x |
Cash | R25.05m |
Equity | R2.61b |
Total liabilities | R1.90b |
Total assets | R4.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEA's short term assets (ZAR445.6M) do not cover its short term liabilities (ZAR731.6M).
Long Term Liabilities: SEA's short term assets (ZAR445.6M) do not cover its long term liabilities (ZAR1.2B).
Debt to Equity History and Analysis
Debt Level: SEA's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: SEA's debt to equity ratio has increased from 55% to 68.7% over the past 5 years.
Debt Coverage: SEA's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: SEA's interest payments on its debt are not well covered by EBIT (2.3x coverage).