Plaza Retail REIT Balance Sheet Health
Financial Health criteria checks 1/6
Plaza Retail REIT has a total shareholder equity of CA$545.3M and total debt of CA$613.0M, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are CA$1.3B and CA$711.2M respectively. Plaza Retail REIT's EBIT is CA$66.5M making its interest coverage ratio 2.3. It has cash and short-term investments of CA$7.8M.
Key information
112.4%
Debt to equity ratio
CA$613.03m
Debt
| Interest coverage ratio | 2.3x |
| Cash | CA$7.81m |
| Equity | CA$545.30m |
| Total liabilities | CA$711.24m |
| Total assets | CA$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLZ.UN's short term assets (CA$39.7M) do not cover its short term liabilities (CA$184.0M).
Long Term Liabilities: PLZ.UN's short term assets (CA$39.7M) do not cover its long term liabilities (CA$527.3M).
Debt to Equity History and Analysis
Debt Level: PLZ.UN's net debt to equity ratio (111%) is considered high.
Reducing Debt: PLZ.UN's debt to equity ratio has reduced from 129.2% to 112.4% over the past 5 years.
Debt Coverage: PLZ.UN's debt is not well covered by operating cash flow (7%).
Interest Coverage: PLZ.UN's interest payments on its debt are not well covered by EBIT (2.3x coverage).