Granite Real Estate Investment Trust

TSX:GRT.UN Stock Report

Market Cap: CA$4.8b

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$5.4B and total debt of CA$3.1B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CA$9.3B and CA$3.8B respectively. Granite Real Estate Investment Trust's EBIT is CA$415.0M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$113.5M.

Key information

57.1%

Debt to equity ratio

CA$3.10b

Debt

Interest coverage ratio4.2x
CashCA$113.50m
EquityCA$5.44b
Total liabilitiesCA$3.84b
Total assetsCA$9.27b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GRT.UN's short term assets (CA$137.6M) do not cover its short term liabilities (CA$393.5M).

Long Term Liabilities: GRT.UN's short term assets (CA$137.6M) 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%) is considered high.

Reducing Debt: GRT.UN's debt to equity ratio has increased from 45.4% to 57.1% over the past 5 years.

Debt Coverage: GRT.UN's debt is not well covered by operating cash flow (10.4%).

Interest Coverage: GRT.UN's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


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