Granite Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Granite Real Estate Investment Trust has a total shareholder equity of CA$5.5B and total debt of CA$3.1B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are CA$9.3B and CA$3.9B respectively. Granite Real Estate Investment Trust's EBIT is CA$419.5M making its interest coverage ratio 4. It has cash and short-term investments of CA$134.9M.
Key information
57.0%
Debt to equity ratio
CA$3.11b
Debt
| Interest coverage ratio | 4x |
| Cash | CA$134.91m |
| Equity | CA$5.45b |
| Total liabilities | CA$3.86b |
| Total assets | CA$9.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRT.UN's short term assets (CA$156.3M) do not cover its short term liabilities (CA$946.8M).
Long Term Liabilities: GRT.UN's short term assets (CA$156.3M) do not cover its long term liabilities (CA$2.9B).
Debt to Equity History and Analysis
Debt Level: GRT.UN's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: GRT.UN's debt to equity ratio has increased from 42.9% to 57% over the past 5 years.
Debt Coverage: GRT.UN's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: GRT.UN's interest payments on its debt are well covered by EBIT (4x coverage).