Artis Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
Artis Real Estate Investment Trust has a total shareholder equity of CA$1.7B and total debt of CA$1.9B, which brings its debt-to-equity ratio to 111%. Its total assets and total liabilities are CA$3.7B and CA$2.0B respectively. Artis Real Estate Investment Trust's EBIT is CA$109.8M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$28.9M.
Key information
111.0%
Debt to equity ratio
CA$1.91b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$28.94m |
| Equity | CA$1.72b |
| Total liabilities | CA$2.02b |
| Total assets | CA$3.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AX.UN's short term assets (CA$646.8M) do not cover its short term liabilities (CA$971.5M).
Long Term Liabilities: AX.UN's short term assets (CA$646.8M) do not cover its long term liabilities (CA$1.0B).
Debt to Equity History and Analysis
Debt Level: AX.UN's net debt to equity ratio (109.3%) is considered high.
Reducing Debt: AX.UN's debt to equity ratio has increased from 104.3% to 111% over the past 5 years.
Debt Coverage: AX.UN's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: AX.UN's interest payments on its debt are not well covered by EBIT (1.3x coverage).