Slate Office REIT Balance Sheet Health
Financial Health criteria checks 0/6
Slate Office REIT has a total shareholder equity of CA$167.5M and total debt of CA$1.1B, which brings its debt-to-equity ratio to 681.5%. Its total assets and total liabilities are CA$1.4B and CA$1.2B respectively. Slate Office REIT's EBIT is CA$75.6M making its interest coverage ratio 0.8. It has cash and short-term investments of CA$13.4M.
Key information
681.5%
Debt to equity ratio
CA$1.14b
Debt
| Interest coverage ratio | 0.8x |
| Cash | CA$13.36m |
| Equity | CA$167.53m |
| Total liabilities | CA$1.21b |
| Total assets | CA$1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOT.UN's short term assets (CA$115.4M) do not cover its short term liabilities (CA$987.2M).
Long Term Liabilities: SOT.UN's short term assets (CA$115.4M) do not cover its long term liabilities (CA$221.0M).
Debt to Equity History and Analysis
Debt Level: SOT.UN's net debt to equity ratio (673.5%) is considered high.
Reducing Debt: SOT.UN's debt to equity ratio has increased from 177% to 681.5% over the past 5 years.
Debt Coverage: SOT.UN's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: SOT.UN's interest payments on its debt are not well covered by EBIT (0.8x coverage).