Morguard Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Morguard Real Estate Investment Trust has a total shareholder equity of CA$922.9M and total debt of CA$1.2B, which brings its debt-to-equity ratio to 132%. Its total assets and total liabilities are CA$2.2B and CA$1.3B respectively. Morguard Real Estate Investment Trust's EBIT is CA$126.3M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$7.5M.
Key information
132.0%
Debt to equity ratio
CA$1.22b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CA$7.53m |
| Equity | CA$922.93m |
| Total liabilities | CA$1.30b |
| Total assets | CA$2.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MRT.UN's short term assets (CA$26.1M) do not cover its short term liabilities (CA$354.8M).
Long Term Liabilities: MRT.UN's short term assets (CA$26.1M) do not cover its long term liabilities (CA$942.1M).
Debt to Equity History and Analysis
Debt Level: MRT.UN's net debt to equity ratio (131.1%) is considered high.
Reducing Debt: MRT.UN's debt to equity ratio has increased from 85.6% to 132% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MRT.UN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRT.UN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.6% per year.