SmartCentres Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
SmartCentres Real Estate Investment Trust has a total shareholder equity of CA$6.4B and total debt of CA$5.0B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are CA$11.9B and CA$5.5B respectively. SmartCentres Real Estate Investment Trust's EBIT is CA$577.6M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$34.7M.
Key information
78.6%
Debt to equity ratio
CA$5.00b
Debt
Interest coverage ratio | 3.3x |
Cash | CA$34.74m |
Equity | CA$6.36b |
Total liabilities | CA$5.55b |
Total assets | CA$11.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C7J1's short term assets (CA$175.1M) do not cover its short term liabilities (CA$859.0M).
Long Term Liabilities: C7J1's short term assets (CA$175.1M) do not cover its long term liabilities (CA$4.7B).
Debt to Equity History and Analysis
Debt Level: C7J1's net debt to equity ratio (78.1%) is considered high.
Reducing Debt: C7J1's debt to equity ratio has reduced from 82.1% to 78.6% over the past 5 years.
Debt Coverage: C7J1's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: C7J1's interest payments on its debt are well covered by EBIT (3.3x coverage).