Plaza Retail REIT Balance Sheet Health
Financial Health criteria checks 1/6
Plaza Retail REIT has a total shareholder equity of CA$550.6M and total debt of CA$615.2M, which brings its debt-to-equity ratio to 111.7%. Its total assets and total liabilities are CA$1.3B and CA$718.9M respectively. Plaza Retail REIT's EBIT is CA$67.6M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$9.0M.
Key information
111.7%
Debt to equity ratio
CA$615.22m
Debt
Interest coverage ratio | 2.6x |
Cash | CA$8.98m |
Equity | CA$550.61m |
Total liabilities | CA$718.88m |
Total assets | CA$1.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PLZ.UN's short term assets (CA$38.9M) do not cover its short term liabilities (CA$219.8M).
Long Term Liabilities: PLZ.UN's short term assets (CA$38.9M) do not cover its long term liabilities (CA$499.1M).
Debt to Equity History and Analysis
Debt Level: PLZ.UN's net debt to equity ratio (110.1%) is considered high.
Reducing Debt: PLZ.UN's debt to equity ratio has reduced from 127.8% to 111.7% over the past 5 years.
Debt Coverage: PLZ.UN's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: PLZ.UN's interest payments on its debt are not well covered by EBIT (2.6x coverage).