City Office REIT Balance Sheet Health
Financial Health criteria checks 2/6
City Office REIT has a total shareholder equity of $747.6M and total debt of $651.2M, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are $1.5B and $727.7M respectively. City Office REIT's EBIT is $26.3M making its interest coverage ratio 0.8. It has cash and short-term investments of $25.9M.
Key information
87.1%
Debt to equity ratio
US$651.24m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$25.91m |
| Equity | US$747.57m |
| Total liabilities | US$727.72m |
| Total assets | US$1.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIO.PRA's short term assets ($95.9M) exceed its short term liabilities ($39.7M).
Long Term Liabilities: CIO.PRA's short term assets ($95.9M) do not cover its long term liabilities ($688.0M).
Debt to Equity History and Analysis
Debt Level: CIO.PRA's net debt to equity ratio (83.6%) is considered high.
Reducing Debt: CIO.PRA's debt to equity ratio has reduced from 139.2% to 87.1% over the past 5 years.
Debt Coverage: CIO.PRA's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: CIO.PRA's interest payments on its debt are not well covered by EBIT (0.8x coverage).