Boston Pizza Royalties Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
Boston Pizza Royalties Income Fund has a total shareholder equity of CA$282.8M and total debt of CA$125.4M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are CA$417.0M and CA$134.2M respectively. Boston Pizza Royalties Income Fund's EBIT is CA$47.5M making its interest coverage ratio 3.9. It has cash and short-term investments of CA$6.6M.
Key information
44.3%
Debt to equity ratio
CA$125.41m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CA$6.62m |
| Equity | CA$282.80m |
| Total liabilities | CA$134.17m |
| Total assets | CA$416.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J8M's short term assets (CA$11.3M) exceed its short term liabilities (CA$10.3M).
Long Term Liabilities: J8M's short term assets (CA$11.3M) do not cover its long term liabilities (CA$123.9M).
Debt to Equity History and Analysis
Debt Level: J8M's net debt to equity ratio (42%) is considered high.
Reducing Debt: J8M's debt to equity ratio has reduced from 46.5% to 44.3% over the past 5 years.
Debt Coverage: J8M's debt is well covered by operating cash flow (30%).
Interest Coverage: J8M's interest payments on its debt are well covered by EBIT (3.9x coverage).