Artis Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Artis Real Estate Investment Trust has a total shareholder equity of CA$1.6B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are CA$2.8B and CA$1.2B respectively. Artis Real Estate Investment Trust's EBIT is CA$91.5M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$46.3M.
Key information
70.3%
Debt to equity ratio
CA$1.13b
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$46.29m |
| Equity | CA$1.61b |
| Total liabilities | CA$1.23b |
| Total assets | CA$2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARES.F's short term assets (CA$308.8M) do not cover its short term liabilities (CA$675.5M).
Long Term Liabilities: ARES.F's short term assets (CA$308.8M) do not cover its long term liabilities (CA$554.2M).
Debt to Equity History and Analysis
Debt Level: ARES.F's net debt to equity ratio (67.4%) is considered high.
Reducing Debt: ARES.F's debt to equity ratio has reduced from 112.9% to 70.3% over the past 5 years.
Debt Coverage: ARES.F's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: ARES.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).