City Office REIT Balance Sheet Health
Financial Health criteria checks 1/6
City Office REIT has a total shareholder equity of $767.7M and total debt of $668.8M, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are $1.5B and $737.9M respectively. City Office REIT's EBIT is $30.1M making its interest coverage ratio 0.9. It has cash and short-term investments of $31.5M.
Key information
87.1%
Debt to equity ratio
US$668.75m
Debt
Interest coverage ratio | 0.9x |
Cash | US$31.54m |
Equity | US$767.65m |
Total liabilities | US$737.87m |
Total assets | US$1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5QV's short term assets ($98.5M) do not cover its short term liabilities ($136.5M).
Long Term Liabilities: 5QV's short term assets ($98.5M) do not cover its long term liabilities ($601.4M).
Debt to Equity History and Analysis
Debt Level: 5QV's net debt to equity ratio (83%) is considered high.
Reducing Debt: 5QV's debt to equity ratio has reduced from 179.9% to 87.1% over the past 5 years.
Debt Coverage: 5QV's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 5QV's interest payments on its debt are not well covered by EBIT (0.9x coverage).