Canadian Net Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Canadian Net Real Estate Investment Trust has a total shareholder equity of CA$129.4M and total debt of CA$160.0M, which brings its debt-to-equity ratio to 123.6%. Its total assets and total liabilities are CA$293.5M and CA$164.1M respectively. Canadian Net Real Estate Investment Trust's EBIT is CA$19.8M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$906.9K.
Key information
123.6%
Debt to equity ratio
CA$159.96m
Debt
| Interest coverage ratio | 2.7x |
| Cash | CA$906.86k |
| Equity | CA$129.43m |
| Total liabilities | CA$164.08m |
| Total assets | CA$293.51m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NET.UN's short term assets (CA$2.2M) do not cover its short term liabilities (CA$30.0M).
Long Term Liabilities: NET.UN's short term assets (CA$2.2M) do not cover its long term liabilities (CA$134.1M).
Debt to Equity History and Analysis
Debt Level: NET.UN's net debt to equity ratio (122.9%) is considered high.
Reducing Debt: NET.UN's debt to equity ratio has reduced from 134.5% to 123.6% over the past 5 years.
Debt Coverage: NET.UN's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: NET.UN's interest payments on its debt are not well covered by EBIT (2.7x coverage).