Freehold Royalties Balance Sheet Health
Financial Health criteria checks 4/6
Freehold Royalties has a total shareholder equity of CA$923.8M and total debt of CA$123.0M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are CA$1.1B and CA$194.7M respectively. Freehold Royalties's EBIT is CA$189.2M making its interest coverage ratio 18.7. It has cash and short-term investments of CA$702.0K.
Key information
13.3%
Debt to equity ratio
CA$122.97m
Debt
Interest coverage ratio | 18.7x |
Cash | CA$702.00k |
Equity | CA$923.76m |
Total liabilities | CA$194.66m |
Total assets | CA$1.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FH's short term assets (CA$55.4M) exceed its short term liabilities (CA$26.1M).
Long Term Liabilities: 1FH's short term assets (CA$55.4M) do not cover its long term liabilities (CA$168.6M).
Debt to Equity History and Analysis
Debt Level: 1FH's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 1FH's debt to equity ratio has increased from 11.6% to 13.3% over the past 5 years.
Debt Coverage: 1FH's debt is well covered by operating cash flow (176.4%).
Interest Coverage: 1FH's interest payments on its debt are well covered by EBIT (18.7x coverage).