Slate Grocery REIT Balance Sheet Health
Financial Health criteria checks 1/6
Slate Grocery REIT has a total shareholder equity of $867.2M and total debt of $1.2B, which brings its debt-to-equity ratio to 134.9%. Its total assets and total liabilities are $2.2B and $1.4B respectively. Slate Grocery REIT's EBIT is $127.6M making its interest coverage ratio 2.4. It has cash and short-term investments of $23.6M.
Key information
134.9%
Debt to equity ratio
US$1.17b
Debt
Interest coverage ratio | 2.4x |
Cash | US$23.59m |
Equity | US$867.24m |
Total liabilities | US$1.37b |
Total assets | US$2.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SGR.UN's short term assets ($57.7M) do not cover its short term liabilities ($348.9M).
Long Term Liabilities: SGR.UN's short term assets ($57.7M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: SGR.UN's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: SGR.UN's debt to equity ratio has reduced from 203.4% to 134.9% over the past 5 years.
Debt Coverage: SGR.UN's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: SGR.UN's interest payments on its debt are not well covered by EBIT (2.4x coverage).