SmartCentres Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
SmartCentres Real Estate Investment Trust has a total shareholder equity of CA$6.3B and total debt of CA$5.0B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are CA$11.9B and CA$5.6B respectively. SmartCentres Real Estate Investment Trust's EBIT is CA$569.3M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$39.4M.
Key information
80.6%
Debt to equity ratio
CA$5.04b
Debt
Interest coverage ratio | 3.2x |
Cash | CA$39.41m |
Equity | CA$6.26b |
Total liabilities | CA$5.59b |
Total assets | CA$11.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWYU.F's short term assets (CA$206.5M) do not cover its short term liabilities (CA$1.3B).
Long Term Liabilities: CWYU.F's short term assets (CA$206.5M) do not cover its long term liabilities (CA$4.2B).
Debt to Equity History and Analysis
Debt Level: CWYU.F's net debt to equity ratio (79.9%) is considered high.
Reducing Debt: CWYU.F's debt to equity ratio has increased from 76.3% to 80.6% over the past 5 years.
Debt Coverage: CWYU.F's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: CWYU.F's interest payments on its debt are well covered by EBIT (3.2x coverage).