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 79.5%. Its total assets and total liabilities are CA$4.0B and CA$1.8B respectively. Primaris Real Estate Investment Trust's EBIT is CA$227.4M making its interest coverage ratio 3. It has cash and short-term investments of CA$80.8M.
Key information
79.5%
Debt to equity ratio
CA$1.70b
Debt
| Interest coverage ratio | 3x |
| Cash | CA$80.76m |
| Equity | CA$2.14b |
| Total liabilities | CA$1.82b |
| Total assets | CA$3.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMZ.UN's short term assets (CA$250.0M) do not cover its short term liabilities (CA$492.0M).
Long Term Liabilities: PMZ.UN's short term assets (CA$250.0M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: PMZ.UN's net debt to equity ratio (75.7%) is considered high.
Reducing Debt: PMZ.UN's debt to equity ratio has increased from 53.4% to 79.5% over the past 5 years.
Debt Coverage: PMZ.UN's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: PMZ.UN's interest payments on its debt are well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 19:15 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Primaris Real Estate Investment Trust is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rothschild | Canaccord Genuity |
| Sumayya Syed Hussain | CIBC Capital Markets |
| Dean Wilkinson | CIBC Capital Markets |