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$219.6M and total debt of CA$454.2M, which brings its debt-to-equity ratio to 206.8%. Its total assets and total liabilities are CA$687.6M and CA$467.9M respectively. Melcor Real Estate Investment Trust's EBIT is CA$38.7M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$3.3M.
Key information
206.8%
Debt to equity ratio
CA$454.16m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CA$3.29m |
| Equity | CA$219.64m |
| Total liabilities | CA$467.93m |
| Total assets | CA$687.57m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MR.UN's short term assets (CA$96.2M) do not cover its short term liabilities (CA$198.2M).
Long Term Liabilities: MR.UN's short term assets (CA$96.2M) do not cover its long term liabilities (CA$269.7M).
Debt to Equity History and Analysis
Debt Level: MR.UN's net debt to equity ratio (205.3%) is considered high.
Reducing Debt: MR.UN's debt to equity ratio has reduced from 263.3% to 206.8% over the past 5 years.
Debt Coverage: MR.UN's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: MR.UN's interest payments on its debt are not well covered by EBIT (1.6x coverage).