Dream Industrial Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Dream Industrial Real Estate Investment Trust has a total shareholder equity of CA$4.6B and total debt of CA$2.9B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are CA$7.9B and CA$3.3B respectively. Dream Industrial Real Estate Investment Trust's EBIT is CA$303.5M making its interest coverage ratio 3.5. It has cash and short-term investments of CA$49.9M.
Key information
62.9%
Debt to equity ratio
CA$2.88b
Debt
Interest coverage ratio | 3.5x |
Cash | CA$49.92m |
Equity | CA$4.57b |
Total liabilities | CA$3.28b |
Total assets | CA$7.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIR.UN's short term assets (CA$87.5M) do not cover its short term liabilities (CA$425.4M).
Long Term Liabilities: DIR.UN's short term assets (CA$87.5M) do not cover its long term liabilities (CA$2.9B).
Debt to Equity History and Analysis
Debt Level: DIR.UN's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: DIR.UN's debt to equity ratio has reduced from 94.8% to 62.9% over the past 5 years.
Debt Coverage: DIR.UN's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: DIR.UN's interest payments on its debt are well covered by EBIT (3.5x coverage).