SmartCentres Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
SmartCentres Real Estate Investment Trust has a total shareholder equity of CA$6.3B and total debt of CA$5.1B, which brings its debt-to-equity ratio to 80.7%. Its total assets and total liabilities are CA$12.0B and CA$5.6B respectively. SmartCentres Real Estate Investment Trust's EBIT is CA$569.8M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$49.3M.
Key information
80.7%
Debt to equity ratio
CA$5.09b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$49.31m |
| Equity | CA$6.31b |
| Total liabilities | CA$5.64b |
| Total assets | CA$11.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRU.UN's short term assets (CA$240.6M) do not cover its short term liabilities (CA$1.5B).
Long Term Liabilities: SRU.UN's short term assets (CA$240.6M) do not cover its long term liabilities (CA$4.2B).
Debt to Equity History and Analysis
Debt Level: SRU.UN's net debt to equity ratio (79.9%) is considered high.
Reducing Debt: SRU.UN's debt to equity ratio has increased from 76.2% to 80.7% over the past 5 years.
Debt Coverage: SRU.UN's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: SRU.UN's interest payments on its debt are well covered by EBIT (3.1x coverage).