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1. Stor-Age Property REIT Ltd. Is the leading and largest self-storage property fund and brand in South Africa. Their reported Operating Income, Interest Expense,
1. Stor-Age Property REIT Ltd. Is the leading and largest self-storage property fund and brand in South Africa. Their reported Operating Income, Interest Expense, Equity and Long Term Liabilities for year ended 2017, 2018 and 2019 are as follows. Rm Mar 2019 Mar 2018 Mar 2017 Operating Income 35 2544 218 390 117 068 Interest Expense 32 869 9 490 2 743 Total Equity LT Liabilities 4 596 586 1 706 902 3 468 494 801598 1 889 831 113 000 Based on the company's D/E and Interest Coverage ratios, would you say the company is in or is approaching financial distress or not. Explain. 4
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
8th Edition
1285190904, 978-1305176348, 1305176340, 978-1285190907
