Canadian Apartment Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Canadian Apartment Properties Real Estate Investment Trust has a total shareholder equity of CA$9.4B and total debt of CA$7.1B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are CA$17.2B and CA$7.7B respectively. Canadian Apartment Properties Real Estate Investment Trust's EBIT is CA$673.6M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$27.9M.
Key information
74.6%
Debt to equity ratio
CA$7.05b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$27.94m |
| Equity | CA$9.45b |
| Total liabilities | CA$7.72b |
| Total assets | CA$17.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAR.UN's short term assets (CA$2.0B) exceed its short term liabilities (CA$1.2B).
Long Term Liabilities: CAR.UN's short term assets (CA$2.0B) do not cover its long term liabilities (CA$6.5B).
Debt to Equity History and Analysis
Debt Level: CAR.UN's net debt to equity ratio (74.3%) is considered high.
Reducing Debt: CAR.UN's debt to equity ratio has increased from 63% to 74.6% over the past 5 years.
Debt Coverage: CAR.UN's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: CAR.UN's interest payments on its debt are well covered by EBIT (3.1x coverage).