Choice Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Choice Properties Real Estate Investment Trust has a total shareholder equity of CA$4.2B and total debt of CA$12.6B, which brings its debt-to-equity ratio to 303%. Its total assets and total liabilities are CA$17.4B and CA$13.2B respectively. Choice Properties Real Estate Investment Trust's EBIT is CA$1.0B making its interest coverage ratio 1.7. It has cash and short-term investments of CA$79.6M.
Key information
303.0%
Debt to equity ratio
CA$12.63b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CA$79.64m |
| Equity | CA$4.17b |
| Total liabilities | CA$13.24b |
| Total assets | CA$17.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6HC's short term assets (CA$518.3M) do not cover its short term liabilities (CA$930.2M).
Long Term Liabilities: 6HC's short term assets (CA$518.3M) do not cover its long term liabilities (CA$12.3B).
Debt to Equity History and Analysis
Debt Level: 6HC's net debt to equity ratio (301.1%) is considered high.
Reducing Debt: 6HC's debt to equity ratio has reduced from 426.7% to 303% over the past 5 years.
Debt Coverage: 6HC's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 6HC's interest payments on its debt are not well covered by EBIT (1.7x coverage).