Nexus Industrial REIT Balance Sheet Health
Financial Health criteria checks 0/6
Nexus Industrial REIT has a total shareholder equity of CA$1.0B and total debt of CA$1.5B, which brings its debt-to-equity ratio to 144.9%. Its total assets and total liabilities are CA$2.6B and CA$1.6B respectively. Nexus Industrial REIT's EBIT is CA$113.2M making its interest coverage ratio 1. It has cash and short-term investments of CA$7.8M.
Key information
144.9%
Debt to equity ratio
CA$1.48b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$7.82m |
| Equity | CA$1.02b |
| Total liabilities | CA$1.59b |
| Total assets | CA$2.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EFRT.F's short term assets (CA$136.6M) do not cover its short term liabilities (CA$391.5M).
Long Term Liabilities: EFRT.F's short term assets (CA$136.6M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: EFRT.F's net debt to equity ratio (144.1%) is considered high.
Reducing Debt: EFRT.F's debt to equity ratio has increased from 140.4% to 144.9% over the past 5 years.
Debt Coverage: EFRT.F's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: EFRT.F's interest payments on its debt are not well covered by EBIT (1x coverage).