Texton Property Fund Balance Sheet Health
Financial Health criteria checks 4/6
Texton Property Fund has a total shareholder equity of ZAR1.9B and total debt of ZAR987.4M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are ZAR3.0B and ZAR1.0B respectively. Texton Property Fund's EBIT is ZAR152.9M making its interest coverage ratio -9.1. It has cash and short-term investments of ZAR261.0M.
Key information
51.5%
Debt to equity ratio
R987.43m
Debt
| Interest coverage ratio | -9.1x |
| Cash | R261.04m |
| Equity | R1.92b |
| Total liabilities | R1.05b |
| Total assets | R2.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TEX's short term assets (ZAR481.4M) do not cover its short term liabilities (ZAR891.2M).
Long Term Liabilities: TEX's short term assets (ZAR481.4M) exceed its long term liabilities (ZAR156.8M).
Debt to Equity History and Analysis
Debt Level: TEX's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: TEX's debt to equity ratio has reduced from 106.2% to 51.5% over the past 5 years.
Debt Coverage: TEX's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: TEX earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 15:43 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Texton Property Fund Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nazeem Samsodien | Macquarie Research |
| Ridwaan Loonat | Nedbank Corporate and Investment Bank |