Canadian Apartment Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Canadian Apartment Properties Real Estate Investment Trust has a total shareholder equity of CA$9.4B and total debt of CA$7.1B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are CA$17.1B and CA$7.7B respectively. Canadian Apartment Properties Real Estate Investment Trust's EBIT is CA$662.8M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$85.8M.
Key information
75.6%
Debt to equity ratio
CA$7.13b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$85.82m |
| Equity | CA$9.43b |
| Total liabilities | CA$7.69b |
| Total assets | CA$17.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CARUN N's short term assets (CA$436.1M) do not cover its short term liabilities (CA$1.2B).
Long Term Liabilities: CARUN N's short term assets (CA$436.1M) do not cover its long term liabilities (CA$6.5B).
Debt to Equity History and Analysis
Debt Level: CARUN N's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: CARUN N's debt to equity ratio has increased from 60.5% to 75.6% over the past 5 years.
Debt Coverage: CARUN N's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: CARUN N's interest payments on its debt are well covered by EBIT (3.1x coverage).