RioCan Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
RioCan Real Estate Investment Trust has a total shareholder equity of CA$7.5B and total debt of CA$7.2B, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are CA$15.3B and CA$7.8B respectively. RioCan Real Estate Investment Trust's EBIT is CA$732.7M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$39.7M.
Key information
95.7%
Debt to equity ratio
CA$7.19b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$39.74m |
| Equity | CA$7.51b |
| Total liabilities | CA$7.77b |
| Total assets | CA$15.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REI.UN's short term assets (CA$533.7M) do not cover its short term liabilities (CA$2.1B).
Long Term Liabilities: REI.UN's short term assets (CA$533.7M) do not cover its long term liabilities (CA$5.7B).
Debt to Equity History and Analysis
Debt Level: REI.UN's net debt to equity ratio (95.2%) is considered high.
Reducing Debt: REI.UN's debt to equity ratio has increased from 82.7% to 95.7% over the past 5 years.
Debt Coverage: REI.UN's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: REI.UN's interest payments on its debt are not well covered by EBIT (2.9x coverage).