Granite Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Granite Real Estate Investment Trust has a total shareholder equity of CA$5.4B and total debt of CA$3.1B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CA$9.3B and CA$3.8B respectively. Granite Real Estate Investment Trust's EBIT is CA$415.0M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$113.5M.
Key information
57.1%
Debt to equity ratio
CA$3.10b
Debt
| Interest coverage ratio | 4.2x |
| Cash | CA$113.50m |
| Equity | CA$5.44b |
| Total liabilities | CA$3.84b |
| Total assets | CA$9.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRP.U's short term assets (CA$137.6M) do not cover its short term liabilities (CA$393.5M).
Long Term Liabilities: GRP.U's short term assets (CA$137.6M) do not cover its long term liabilities (CA$3.4B).
Debt to Equity History and Analysis
Debt Level: GRP.U's net debt to equity ratio (55%) is considered high.
Reducing Debt: GRP.U's debt to equity ratio has increased from 45.4% to 57.1% over the past 5 years.
Debt Coverage: GRP.U's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: GRP.U's interest payments on its debt are well covered by EBIT (4.2x coverage).