True North Commercial Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
True North Commercial Real Estate Investment Trust has a total shareholder equity of CA$452.8M and total debt of CA$825.2M, which brings its debt-to-equity ratio to 182.2%. Its total assets and total liabilities are CA$1.3B and CA$870.9M respectively. True North Commercial Real Estate Investment Trust's EBIT is CA$66.9M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$10.9M.
Key information
182.2%
Debt to equity ratio
CA$825.22m
Debt
Interest coverage ratio | 1.9x |
Cash | CA$10.87m |
Equity | CA$452.80m |
Total liabilities | CA$870.87m |
Total assets | CA$1.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNT.UN's short term assets (CA$71.2M) do not cover its short term liabilities (CA$172.3M).
Long Term Liabilities: TNT.UN's short term assets (CA$71.2M) do not cover its long term liabilities (CA$698.6M).
Debt to Equity History and Analysis
Debt Level: TNT.UN's net debt to equity ratio (179.8%) is considered high.
Reducing Debt: TNT.UN's debt to equity ratio has increased from 152.9% to 182.2% over the past 5 years.
Debt Coverage: TNT.UN's debt is not well covered by operating cash flow (9%).
Interest Coverage: TNT.UN's interest payments on its debt are not well covered by EBIT (1.9x coverage).