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$282.5M and total debt of CA$124.7M, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are CA$415.5M and CA$133.0M respectively. Boston Pizza Royalties Income Fund's EBIT is CA$47.5M making its interest coverage ratio 6.3. It has cash and short-term investments of CA$6.3M.
Key information
44.1%
Debt to equity ratio
CA$124.72m
Debt
Interest coverage ratio | 6.3x |
Cash | CA$6.29m |
Equity | CA$282.54m |
Total liabilities | CA$132.97m |
Total assets | CA$415.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J8M's short term assets (CA$10.8M) exceed its short term liabilities (CA$9.9M).
Long Term Liabilities: J8M's short term assets (CA$10.8M) do not cover its long term liabilities (CA$123.0M).
Debt to Equity History and Analysis
Debt Level: J8M's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: J8M's debt to equity ratio has reduced from 46% to 44.1% over the past 5 years.
Debt Coverage: J8M's debt is well covered by operating cash flow (30.3%).
Interest Coverage: J8M's interest payments on its debt are well covered by EBIT (6.3x coverage).