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$5.3B and total debt of CA$3.1B, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are CA$9.1B and CA$3.8B respectively. Granite Real Estate Investment Trust's EBIT is CA$392.5M making its interest coverage ratio 4.3. It has cash and short-term investments of CA$125.2M.
Key information
58.2%
Debt to equity ratio
CA$3.07b
Debt
Interest coverage ratio | 4.3x |
Cash | CA$125.18m |
Equity | CA$5.28b |
Total liabilities | CA$3.78b |
Total assets | CA$9.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GRT.UN's short term assets (CA$151.7M) do not cover its short term liabilities (CA$384.5M).
Long Term Liabilities: GRT.UN's short term assets (CA$151.7M) do not cover its long term liabilities (CA$3.4B).
Debt to Equity History and Analysis
Debt Level: GRT.UN's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: GRT.UN's debt to equity ratio has increased from 52.2% to 58.2% over the past 5 years.
Debt Coverage: GRT.UN's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: GRT.UN's interest payments on its debt are well covered by EBIT (4.3x coverage).