Automotive Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Automotive Properties Real Estate Investment Trust has a total shareholder equity of CA$672.9M and total debt of CA$525.7M, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are CA$1.2B and CA$547.4M respectively. Automotive Properties Real Estate Investment Trust's EBIT is CA$73.4M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$14.3M.
Key information
78.1%
Debt to equity ratio
CA$525.67m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$14.35m |
| Equity | CA$672.90m |
| Total liabilities | CA$547.42m |
| Total assets | CA$1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APR.UN's short term assets (CA$70.4M) exceed its short term liabilities (CA$31.5M).
Long Term Liabilities: APR.UN's short term assets (CA$70.4M) do not cover its long term liabilities (CA$515.9M).
Debt to Equity History and Analysis
Debt Level: APR.UN's net debt to equity ratio (76%) is considered high.
Reducing Debt: APR.UN's debt to equity ratio has reduced from 170% to 78.1% over the past 5 years.
Debt Coverage: APR.UN's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: APR.UN's interest payments on its debt are not well covered by EBIT (2.1x coverage).