Slate Office REIT Balance Sheet Health
Financial Health criteria checks 0/6
Slate Office REIT has a total shareholder equity of CA$495.9M and total debt of CA$1.2B, which brings its debt-to-equity ratio to 234.4%. Its total assets and total liabilities are CA$1.7B and CA$1.2B respectively. Slate Office REIT's EBIT is CA$75.0M making its interest coverage ratio 1. It has cash and short-term investments of CA$11.9M.
Key information
234.4%
Debt to equity ratio
CA$1.16b
Debt
Interest coverage ratio | 1x |
Cash | CA$11.85m |
Equity | CA$495.87m |
Total liabilities | CA$1.22b |
Total assets | CA$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOT.UN's short term assets (CA$374.7M) do not cover its short term liabilities (CA$730.2M).
Long Term Liabilities: SOT.UN's short term assets (CA$374.7M) do not cover its long term liabilities (CA$487.3M).
Debt to Equity History and Analysis
Debt Level: SOT.UN's net debt to equity ratio (232%) is considered high.
Reducing Debt: SOT.UN's debt to equity ratio has increased from 202.8% to 234.4% 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 (1x coverage).