Killam Apartment REIT Balance Sheet Health
Financial Health criteria checks 1/6
Killam Apartment REIT has a total shareholder equity of CA$2.7B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are CA$5.4B and CA$2.7B respectively. Killam Apartment REIT's EBIT is CA$216.5M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$11.6M.
Key information
80.3%
Debt to equity ratio
CA$2.20b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$11.60m |
| Equity | CA$2.74b |
| Total liabilities | CA$2.67b |
| Total assets | CA$5.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KMP.UN's short term assets (CA$47.6M) do not cover its short term liabilities (CA$523.7M).
Long Term Liabilities: KMP.UN's short term assets (CA$47.6M) do not cover its long term liabilities (CA$2.1B).
Debt to Equity History and Analysis
Debt Level: KMP.UN's net debt to equity ratio (79.8%) is considered high.
Reducing Debt: KMP.UN's debt to equity ratio has reduced from 108.6% to 80.3% over the past 5 years.
Debt Coverage: KMP.UN's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: KMP.UN's interest payments on its debt are not well covered by EBIT (2.8x coverage).