Freehold Royalties Balance Sheet Health
Financial Health criteria checks 4/6
Freehold Royalties has a total shareholder equity of CA$904.6M and total debt of CA$205.8M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CA$1.2B and CA$276.6M respectively. Freehold Royalties's EBIT is CA$187.7M making its interest coverage ratio 13.7. It has cash and short-term investments of CA$702.0K.
Key information
22.7%
Debt to equity ratio
CA$205.76m
Debt
| Interest coverage ratio | 13.7x |
| Cash | CA$702.00k |
| Equity | CA$904.65m |
| Total liabilities | CA$276.56m |
| Total assets | CA$1.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FH's short term assets (CA$47.3M) exceed its short term liabilities (CA$28.7M).
Long Term Liabilities: 1FH's short term assets (CA$47.3M) do not cover its long term liabilities (CA$247.9M).
Debt to Equity History and Analysis
Debt Level: 1FH's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 1FH's debt to equity ratio has increased from 16.1% to 22.7% over the past 5 years.
Debt Coverage: 1FH's debt is well covered by operating cash flow (114.2%).
Interest Coverage: 1FH's interest payments on its debt are well covered by EBIT (13.7x coverage).