City Office REIT Balance Sheet Health
Financial Health criteria checks 1/6
City Office REIT has a total shareholder equity of $772.6M and total debt of $671.1M, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are $1.5B and $738.7M respectively. City Office REIT's EBIT is $31.3M making its interest coverage ratio 0.9. It has cash and short-term investments of $30.1M.
Key information
86.9%
Debt to equity ratio
US$671.11m
Debt
Interest coverage ratio | 0.9x |
Cash | US$30.08m |
Equity | US$772.63m |
Total liabilities | US$738.74m |
Total assets | US$1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIO.PRA's short term assets ($96.8M) do not cover its short term liabilities ($137.4M).
Long Term Liabilities: CIO.PRA's short term assets ($96.8M) do not cover its long term liabilities ($601.3M).
Debt to Equity History and Analysis
Debt Level: CIO.PRA's net debt to equity ratio (83%) is considered high.
Reducing Debt: CIO.PRA's debt to equity ratio has reduced from 162% to 86.9% over the past 5 years.
Debt Coverage: CIO.PRA's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: CIO.PRA's interest payments on its debt are not well covered by EBIT (0.9x coverage).