Melcor Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Melcor Real Estate Investment Trust has a total shareholder equity of CA$199.3M and total debt of CA$484.7M, which brings its debt-to-equity ratio to 243.2%. Its total assets and total liabilities are CA$701.0M and CA$501.7M respectively. Melcor Real Estate Investment Trust's EBIT is CA$39.5M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$3.3M.
Key information
243.2%
Debt to equity ratio
CA$484.72m
Debt
Interest coverage ratio | 1.4x |
Cash | CA$3.29m |
Equity | CA$199.29m |
Total liabilities | CA$501.71m |
Total assets | CA$701.00m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MR.UN's short term assets (CA$40.2M) do not cover its short term liabilities (CA$152.6M).
Long Term Liabilities: MR.UN's short term assets (CA$40.2M) do not cover its long term liabilities (CA$349.1M).
Debt to Equity History and Analysis
Debt Level: MR.UN's net debt to equity ratio (241.6%) is considered high.
Reducing Debt: MR.UN's debt to equity ratio has reduced from 251.2% to 243.2% over the past 5 years.
Debt Coverage: MR.UN's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: MR.UN's interest payments on its debt are not well covered by EBIT (1.4x coverage).