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 ratio | 2.7x |
| Cash | CA$38.28m |
| Equity | CA$6.27b |
| Total liabilities | CA$5.63b |
| Total assets | CA$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).