Texton Property Fund Limited

JSE:TEX Stock Report

Market Cap: R969.2m

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
CashR245.25m
EquityR1.84b
Total liabilitiesR1.16b
Total assetsR3.00b

Recent financial health updates

No updates

Recent updates

Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

Mar 08
Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

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.


Balance Sheet


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