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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Slate Office REIT is covered by 13 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jenny Ma | BMO Capital Markets Equity Research |
| Mark Rothschild | Canaccord Genuity |
| Brendon Abrams | Canaccord Genuity |