SmartCentres Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
SmartCentres Real Estate Investment Trust has a total shareholder equity of CA$6.4B and total debt of CA$5.0B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are CA$11.9B and CA$5.5B respectively. SmartCentres Real Estate Investment Trust's EBIT is CA$577.6M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$34.7M.
Key information
78.6%
Debt to equity ratio
CA$5.00b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$34.74m |
| Equity | CA$6.36b |
| Total liabilities | CA$5.55b |
| Total assets | CA$11.91b |
Recent financial health updates
No updates
Recent updates
Does SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Deserve A Spot On Your Watchlist?
Feb 22
President Peter Forde Just Bought 367% More Shares In SmartCentres Real Estate Investment Trust (TSE:SRU.UN)
Mar 13What You Need To Know About SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) Investor Composition
Mar 02SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) Stock Price Has Reduced 25% In The Past Year
Feb 04
Insider Buying: The SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Executive Chairman Just Bought CA$690k Worth Of Shares
Dec 27Have Insiders Been Buying SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Shares?
Dec 11Financial Position Analysis
Short Term Liabilities: SRU.UN's short term assets (CA$175.1M) do not cover its short term liabilities (CA$859.0M).
Long Term Liabilities: SRU.UN's short term assets (CA$175.1M) do not cover its long term liabilities (CA$4.7B).
Debt to Equity History and Analysis
Debt Level: SRU.UN's net debt to equity ratio (78.1%) is considered high.
Reducing Debt: SRU.UN's debt to equity ratio has reduced from 82.1% to 78.6% 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 (3.3x coverage).