Minto Apartment Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Minto Apartment Real Estate Investment Trust has a total shareholder equity of CA$1.1B and total debt of CA$1.2B, which brings its debt-to-equity ratio to 108%. Its total assets and total liabilities are CA$2.7B and CA$1.6B respectively. Minto Apartment Real Estate Investment Trust's EBIT is CA$88.1M making its interest coverage ratio 1.8. It has cash and short-term investments of CA$3.7M.
Key information
108.0%
Debt to equity ratio
CA$1.16b
Debt
Interest coverage ratio | 1.8x |
Cash | CA$3.74m |
Equity | CA$1.08b |
Total liabilities | CA$1.62b |
Total assets | CA$2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MI.UN's short term assets (CA$159.6M) exceed its short term liabilities (CA$137.0M).
Long Term Liabilities: MI.UN's short term assets (CA$159.6M) do not cover its long term liabilities (CA$1.5B).
Debt to Equity History and Analysis
Debt Level: MI.UN's net debt to equity ratio (107.6%) is considered high.
Reducing Debt: MI.UN's debt to equity ratio has reduced from 210.1% to 108% over the past 5 years.
Debt Coverage: MI.UN's debt is not well covered by operating cash flow (8%).
Interest Coverage: MI.UN's interest payments on its debt are not well covered by EBIT (1.8x coverage).