Primaris Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Primaris Real Estate Investment Trust has a total shareholder equity of CA$2.1B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are CA$3.9B and CA$1.8B respectively. Primaris Real Estate Investment Trust's EBIT is CA$212.6M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$76.4M.
Key information
80.2%
Debt to equity ratio
CA$1.71b
Debt
Interest coverage ratio | 3.4x |
Cash | CA$76.39m |
Equity | CA$2.13b |
Total liabilities | CA$1.80b |
Total assets | CA$3.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMZ.UN's short term assets (CA$232.7M) do not cover its short term liabilities (CA$320.0M).
Long Term Liabilities: PMZ.UN's short term assets (CA$232.7M) do not cover its long term liabilities (CA$1.5B).
Debt to Equity History and Analysis
Debt Level: PMZ.UN's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: PMZ.UN's debt to equity ratio has increased from 54.5% to 80.2% over the past 5 years.
Debt Coverage: PMZ.UN's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: PMZ.UN's interest payments on its debt are well covered by EBIT (3.4x coverage).