Nexus Industrial REIT Balance Sheet Health
Financial Health criteria checks 1/6
Nexus Industrial REIT has a total shareholder equity of CA$1.0B and total debt of CA$1.4B, which brings its debt-to-equity ratio to 138.7%. Its total assets and total liabilities are CA$2.5B and CA$1.5B respectively. Nexus Industrial REIT's EBIT is CA$103.5M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$5.9M.
Key information
138.7%
Debt to equity ratio
CA$1.39b
Debt
Interest coverage ratio | 1.5x |
Cash | CA$5.92m |
Equity | CA$1.00b |
Total liabilities | CA$1.46b |
Total assets | CA$2.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NXR.UN's short term assets (CA$65.1M) do not cover its short term liabilities (CA$178.8M).
Long Term Liabilities: NXR.UN's short term assets (CA$65.1M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: NXR.UN's net debt to equity ratio (138.1%) is considered high.
Reducing Debt: NXR.UN's debt to equity ratio has reduced from 147.2% to 138.7% over the past 5 years.
Debt Coverage: NXR.UN's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: NXR.UN's interest payments on its debt are not well covered by EBIT (1.5x coverage).