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 66.8%. Its total assets and total liabilities are CA$4.4B and CA$1.9B respectively. InterRent Real Estate Investment Trust's EBIT is CA$141.3M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$2.5M.
Key information
66.8%
Debt to equity ratio
CA$1.72b
Debt
Interest coverage ratio | 2.2x |
Cash | CA$2.55m |
Equity | CA$2.57b |
Total liabilities | CA$1.86b |
Total assets | CA$4.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IIP.UN's short term assets (CA$58.6M) do not cover its short term liabilities (CA$421.4M).
Long Term Liabilities: IIP.UN's short term assets (CA$58.6M) do not cover its long term liabilities (CA$1.4B).
Debt to Equity History and Analysis
Debt Level: IIP.UN's net debt to equity ratio (66.7%) is considered high.
Reducing Debt: IIP.UN's debt to equity ratio has reduced from 74.6% to 66.8% over the past 5 years.
Debt Coverage: IIP.UN's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: IIP.UN's interest payments on its debt are not well covered by EBIT (2.2x coverage).