Primaris Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Primaris Real Estate Investment Trust has a total shareholder equity of CA$2.1B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are CA$4.0B and CA$1.8B respectively. Primaris Real Estate Investment Trust's EBIT is CA$227.4M making its interest coverage ratio 3. It has cash and short-term investments of CA$80.8M.
Key information
79.5%
Debt to equity ratio
CA$1.70b
Debt
| Interest coverage ratio | 3x |
| Cash | CA$80.76m |
| Equity | CA$2.14b |
| Total liabilities | CA$1.82b |
| Total assets | CA$3.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H0D's short term assets (CA$250.0M) do not cover its short term liabilities (CA$492.0M).
Long Term Liabilities: H0D's short term assets (CA$250.0M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: H0D's net debt to equity ratio (75.7%) is considered high.
Reducing Debt: H0D's debt to equity ratio has increased from 53.4% to 79.5% over the past 5 years.
Debt Coverage: H0D's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: H0D's interest payments on its debt are well covered by EBIT (3x coverage).