Texton Property Fund Balance Sheet Health
Financial Health criteria checks 1/6
Texton Property Fund has a total shareholder equity of ZAR1.8B and total debt of ZAR1.1B, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are ZAR3.0B and ZAR1.2B respectively. Texton Property Fund's EBIT is ZAR152.6M making its interest coverage ratio -16. It has cash and short-term investments of ZAR245.2M.
Key information
59.2%
Debt to equity ratio
R1.09b
Debt
| Interest coverage ratio | -16x |
| Cash | R245.25m |
| Equity | R1.84b |
| Total liabilities | R1.16b |
| Total assets | R3.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TEX's short term assets (ZAR313.8M) do not cover its short term liabilities (ZAR372.9M).
Long Term Liabilities: TEX's short term assets (ZAR313.8M) do not cover its long term liabilities (ZAR785.2M).
Debt to Equity History and Analysis
Debt Level: TEX's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: TEX's debt to equity ratio has increased from 13.1% to 59.2% over the past 5 years.
Debt Coverage: TEX's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: TEX earns more interest than it pays, so coverage of interest payments is not a concern.