SmartCentres Real Estate Investment Trust

TSX:SRU.UN Stock Report

Market Cap: CA$4.5b

SmartCentres Real Estate Investment Trust Balance Sheet Health

Financial Health criteria checks 0/6

SmartCentres Real Estate Investment Trust has a total shareholder equity of CA$6.3B and total debt of CA$5.0B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are CA$11.9B and CA$5.6B respectively. SmartCentres Real Estate Investment Trust's EBIT is CA$518.9M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$38.3M.

Key information

80.1%

Debt to equity ratio

CA$5.03b

Debt

Interest coverage ratio2.7x
CashCA$38.28m
EquityCA$6.27b
Total liabilitiesCA$5.63b
Total assetsCA$11.91b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SRU.UN's short term assets (CA$212.5M) do not cover its short term liabilities (CA$1.1B).

Long Term Liabilities: SRU.UN's short term assets (CA$212.5M) do not cover its long term liabilities (CA$4.5B).


Debt to Equity History and Analysis

Debt Level: SRU.UN's net debt to equity ratio (79.5%) is considered high.

Reducing Debt: SRU.UN's debt to equity ratio has increased from 75.7% to 80.1% over the past 5 years.

Debt Coverage: SRU.UN's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: SRU.UN's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Discover healthy companies