RioCan Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
RioCan Real Estate Investment Trust has a total shareholder equity of CA$7.4B and total debt of CA$6.9B, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are CA$14.8B and CA$7.4B respectively. RioCan Real Estate Investment Trust's EBIT is CA$679.2M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$128.4M.
Key information
92.2%
Debt to equity ratio
CA$6.86b
Debt
Interest coverage ratio | 3.3x |
Cash | CA$128.44m |
Equity | CA$7.44b |
Total liabilities | CA$7.40b |
Total assets | CA$14.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R7G's short term assets (CA$503.8M) do not cover its short term liabilities (CA$1.6B).
Long Term Liabilities: R7G's short term assets (CA$503.8M) do not cover its long term liabilities (CA$5.8B).
Debt to Equity History and Analysis
Debt Level: R7G's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: R7G's debt to equity ratio has increased from 76.7% to 92.2% over the past 5 years.
Debt Coverage: R7G's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: R7G's interest payments on its debt are well covered by EBIT (3.3x coverage).