Killam Apartment REIT Balance Sheet Health
Financial Health criteria checks 1/6
Killam Apartment REIT has a total shareholder equity of CA$2.5B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are CA$5.1B and CA$2.6B respectively. Killam Apartment REIT's EBIT is CA$205.6M making its interest coverage ratio 3. It has cash and short-term investments of CA$14.1M.
Key information
87.6%
Debt to equity ratio
CA$2.17b
Debt
Interest coverage ratio | 3x |
Cash | CA$14.09m |
Equity | CA$2.48b |
Total liabilities | CA$2.60b |
Total assets | CA$5.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KMP.UN's short term assets (CA$41.0M) do not cover its short term liabilities (CA$500.9M).
Long Term Liabilities: KMP.UN's short term assets (CA$41.0M) 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 (87%) is considered high.
Reducing Debt: KMP.UN's debt to equity ratio has reduced from 120.3% to 87.6% over the past 5 years.
Debt Coverage: KMP.UN's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: KMP.UN's interest payments on its debt are not well covered by EBIT (3x coverage).