Nexus Industrial REIT Balance Sheet Health
Financial Health criteria checks 1/6
Nexus Industrial REIT has a total shareholder equity of CA$1.1B and total debt of CA$1.4B, which brings its debt-to-equity ratio to 129%. Its total assets and total liabilities are CA$2.6B and CA$1.5B respectively. Nexus Industrial REIT's EBIT is CA$111.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$7.9M.
Key information
129.0%
Debt to equity ratio
CA$1.39b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$7.87m |
| Equity | CA$1.08b |
| Total liabilities | CA$1.51b |
| Total assets | CA$2.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J6D's short term assets (CA$150.8M) do not cover its short term liabilities (CA$345.3M).
Long Term Liabilities: J6D's short term assets (CA$150.8M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: J6D's net debt to equity ratio (128.2%) is considered high.
Reducing Debt: J6D's debt to equity ratio has reduced from 142.5% to 129% over the past 5 years.
Debt Coverage: J6D's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: J6D's interest payments on its debt are not well covered by EBIT (1.4x coverage).