Morguard North American Residential Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Morguard North American Residential Real Estate Investment Trust has a total shareholder equity of CA$2.0B and total debt of CA$1.8B, which brings its debt-to-equity ratio to 92%. Its total assets and total liabilities are CA$4.1B and CA$2.1B respectively. Morguard North American Residential Real Estate Investment Trust's EBIT is CA$163.4M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$17.8M.
Key information
92.0%
Debt to equity ratio
CA$1.80b
Debt
Interest coverage ratio | 2.2x |
Cash | CA$17.83m |
Equity | CA$1.96b |
Total liabilities | CA$2.14b |
Total assets | CA$4.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRG.UN's short term assets (CA$43.2M) do not cover its short term liabilities (CA$222.4M).
Long Term Liabilities: MRG.UN's short term assets (CA$43.2M) do not cover its long term liabilities (CA$1.9B).
Debt to Equity History and Analysis
Debt Level: MRG.UN's net debt to equity ratio (91%) is considered high.
Reducing Debt: MRG.UN's debt to equity ratio has reduced from 151.9% to 92% over the past 5 years.
Debt Coverage: MRG.UN's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: MRG.UN's interest payments on its debt are not well covered by EBIT (2.2x coverage).