InterRent Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
InterRent Real Estate Investment Trust has a total shareholder equity of CA$2.6B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are CA$4.4B and CA$1.8B respectively. InterRent Real Estate Investment Trust's EBIT is CA$150.8M making its interest coverage ratio 2.3. It has cash and short-term investments of CA$47.0M.
Key information
63.5%
Debt to equity ratio
CA$1.66b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CA$47.03m |
| Equity | CA$2.61b |
| Total liabilities | CA$1.77b |
| Total assets | CA$4.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IIP.UN's short term assets (CA$79.8M) do not cover its short term liabilities (CA$185.9M).
Long Term Liabilities: IIP.UN's short term assets (CA$79.8M) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: IIP.UN's net debt to equity ratio (61.7%) is considered high.
Reducing Debt: IIP.UN's debt to equity ratio has reduced from 78.4% to 63.5% over the past 5 years.
Debt Coverage: IIP.UN's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: IIP.UN's interest payments on its debt are not well covered by EBIT (2.3x coverage).