Stor-Age Property REIT Balance Sheet Health
Financial Health criteria checks 1/6
Stor-Age Property REIT has a total shareholder equity of ZAR7.6B and total debt of ZAR4.0B, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are ZAR13.1B and ZAR5.5B respectively. Stor-Age Property REIT's EBIT is ZAR774.0M making its interest coverage ratio 3.8. It has cash and short-term investments of ZAR321.6M.
Key information
53.3%
Debt to equity ratio
R4.05b
Debt
| Interest coverage ratio | 3.8x |
| Cash | R321.60m |
| Equity | R7.60b |
| Total liabilities | R5.52b |
| Total assets | R13.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSS's short term assets (ZAR455.4M) do not cover its short term liabilities (ZAR834.2M).
Long Term Liabilities: SSS's short term assets (ZAR455.4M) do not cover its long term liabilities (ZAR4.7B).
Debt to Equity History and Analysis
Debt Level: SSS's net debt to equity ratio (49%) is considered high.
Reducing Debt: SSS's debt to equity ratio has increased from 38.1% to 53.3% over the past 5 years.
Debt Coverage: SSS's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: SSS's interest payments on its debt are well covered by EBIT (3.8x coverage).