Choice Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Choice Properties Real Estate Investment Trust has a total shareholder equity of CA$4.4B and total debt of CA$12.2B, which brings its debt-to-equity ratio to 279.7%. Its total assets and total liabilities are CA$17.3B and CA$12.9B respectively. Choice Properties Real Estate Investment Trust's EBIT is CA$975.4M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$260.3M.
Key information
279.7%
Debt to equity ratio
CA$12.22b
Debt
Interest coverage ratio | 1.7x |
Cash | CA$260.30m |
Equity | CA$4.37b |
Total liabilities | CA$12.94b |
Total assets | CA$17.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CHP.UN's short term assets (CA$658.9M) do not cover its short term liabilities (CA$1.5B).
Long Term Liabilities: CHP.UN's short term assets (CA$658.9M) do not cover its long term liabilities (CA$11.4B).
Debt to Equity History and Analysis
Debt Level: CHP.UN's net debt to equity ratio (273.7%) is considered high.
Reducing Debt: CHP.UN's debt to equity ratio has reduced from 333.5% to 279.7% over the past 5 years.
Debt Coverage: CHP.UN's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: CHP.UN's interest payments on its debt are not well covered by EBIT (1.7x coverage).