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$2.1B and total debt of CA$1.9B, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are CA$4.4B and CA$2.3B respectively. Morguard North American Residential Real Estate Investment Trust's EBIT is CA$166.3M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$127.7M.
Key information
94.7%
Debt to equity ratio
CA$1.95b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$127.73m |
| Equity | CA$2.05b |
| Total liabilities | CA$2.32b |
| Total assets | CA$4.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRG.UN's short term assets (CA$146.9M) do not cover its short term liabilities (CA$183.8M).
Long Term Liabilities: MRG.UN's short term assets (CA$146.9M) do not cover its long term liabilities (CA$2.1B).
Debt to Equity History and Analysis
Debt Level: MRG.UN's net debt to equity ratio (88.5%) is considered high.
Reducing Debt: MRG.UN's debt to equity ratio has reduced from 149% to 94.7% over the past 5 years.
Debt Coverage: MRG.UN's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: MRG.UN's interest payments on its debt are not well covered by EBIT (2.1x coverage).