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$9.3B and total debt of CA$7.1B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are CA$17.0B and CA$7.7B respectively. Canadian Apartment Properties Real Estate Investment Trust's EBIT is CA$633.6M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$40.4M.
Key information
76.2%
Debt to equity ratio
CA$7.07b
Debt
Interest coverage ratio | 3.1x |
Cash | CA$40.38m |
Equity | CA$9.28b |
Total liabilities | CA$7.69b |
Total assets | CA$16.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CARUN N's short term assets (CA$183.7M) do not cover its short term liabilities (CA$988.4M).
Long Term Liabilities: CARUN N's short term assets (CA$183.7M) do not cover its long term liabilities (CA$6.7B).
Debt to Equity History and Analysis
Debt Level: CARUN N's net debt to equity ratio (75.7%) is considered high.
Reducing Debt: CARUN N's debt to equity ratio has increased from 68% to 76.2% over the past 5 years.
Debt Coverage: CARUN N's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: CARUN N's interest payments on its debt are well covered by EBIT (3.1x coverage).