Crombie Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Crombie Real Estate Investment Trust has a total shareholder equity of CA$1.8B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 117.9%. Its total assets and total liabilities are CA$4.1B and CA$2.3B respectively. Crombie Real Estate Investment Trust's EBIT is CA$184.5M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$2.2M.
Key information
117.9%
Debt to equity ratio
CA$2.15b
Debt
Interest coverage ratio | 2.1x |
Cash | CA$2.22m |
Equity | CA$1.82b |
Total liabilities | CA$2.32b |
Total assets | CA$4.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CROM.F's short term assets (CA$49.2M) do not cover its short term liabilities (CA$329.7M).
Long Term Liabilities: CROM.F's short term assets (CA$49.2M) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: CROM.F's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: CROM.F's debt to equity ratio has reduced from 171.8% to 117.9% over the past 5 years.
Debt Coverage: CROM.F's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: CROM.F's interest payments on its debt are not well covered by EBIT (2.1x coverage).