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
I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds
Mar 03City Office REIT: Deep Value Or 7.3% Dividend Yield Trap?
Jan 21City Office REIT: Fortune Favors The Brave
Nov 06City Office REIT: Exploring The Value Of Preferred Shares
Aug 22City Office REIT: Opportunity To Capture 9.7% Yield Via Preferred Shares
Jun 26City Office REIT: I'm Holding Onto My 9.7% Yielding Preferred Shares
Jun 14City Office REIT Q4 2022 Earnings Preview
Feb 22City Office REIT: 9.9% Yield And Plenty Of Upside
Jan 10City Office REIT: The Preferred Shares Now Offer A 9% Yield
Dec 10City Office REIT Q3 2022 Earnings Preview
Nov 04City Office REIT declares $0.20 dividend
Sep 15City Office REIT: A 7% Yielding Small Cap That Could Deliver Big Returns
Sep 09City Office REIT Q2 2022 Earnings Preview
Aug 03City Office: Overlooked Value In The Sector Most Vile
Jun 30City Office REIT: I Like The 7.1% Yielding Preferred Shares
Jun 10City Office REIT: The Definition Of Shareholder Value
Mar 25City Office: A Quality REIT
Jan 10Financial Position Analysis
Short Term Liabilities: CIO's short term assets ($96.8M) do not cover its short term liabilities ($137.4M).
Long Term Liabilities: CIO's short term assets ($96.8M) do not cover its long term liabilities ($601.3M).
Debt to Equity History and Analysis
Debt Level: CIO's net debt to equity ratio (83%) is considered high.
Reducing Debt: CIO's debt to equity ratio has reduced from 162% to 86.9% over the past 5 years.
Debt Coverage: CIO's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: CIO's interest payments on its debt are not well covered by EBIT (0.9x coverage).