Boston Pizza Royalties Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
Boston Pizza Royalties Income Fund has a total shareholder equity of CA$278.9M and total debt of CA$123.8M, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are CA$413.1M and CA$134.2M respectively. Boston Pizza Royalties Income Fund's EBIT is CA$47.7M making its interest coverage ratio 5.6. It has cash and short-term investments of CA$6.0M.
Key information
44.4%
Debt to equity ratio
CA$123.76m
Debt
Interest coverage ratio | 5.6x |
Cash | CA$6.00m |
Equity | CA$278.89m |
Total liabilities | CA$134.17m |
Total assets | CA$413.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPZZ.F's short term assets (CA$10.5M) exceed its short term liabilities (CA$3.0M).
Long Term Liabilities: BPZZ.F's short term assets (CA$10.5M) do not cover its long term liabilities (CA$131.1M).
Debt to Equity History and Analysis
Debt Level: BPZZ.F's net debt to equity ratio (42.2%) is considered high.
Reducing Debt: BPZZ.F's debt to equity ratio has reduced from 44.5% to 44.4% over the past 5 years.
Debt Coverage: BPZZ.F's debt is well covered by operating cash flow (30.6%).
Interest Coverage: BPZZ.F's interest payments on its debt are well covered by EBIT (5.6x coverage).