Slate Grocery REIT Balance Sheet Health
Financial Health criteria checks 1/6
Slate Grocery REIT has a total shareholder equity of $849.9M and total debt of $1.2B, which brings its debt-to-equity ratio to 136.4%. Its total assets and total liabilities are $2.2B and $1.4B respectively. Slate Grocery REIT's EBIT is $133.0M making its interest coverage ratio 2.4. It has cash and short-term investments of $22.8M.
Key information
136.4%
Debt to equity ratio
US$1.16b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$22.75m |
| Equity | US$849.94m |
| Total liabilities | US$1.37b |
| Total assets | US$2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGR.U's short term assets ($59.1M) do not cover its short term liabilities ($662.0M).
Long Term Liabilities: SGR.U's short term assets ($59.1M) do not cover its long term liabilities ($711.3M).
Debt to Equity History and Analysis
Debt Level: SGR.U's net debt to equity ratio (133.7%) is considered high.
Reducing Debt: SGR.U's debt to equity ratio has reduced from 201.8% to 136.4% over the past 5 years.
Debt Coverage: SGR.U's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: SGR.U's interest payments on its debt are not well covered by EBIT (2.4x coverage).