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$1.4B, which brings its debt-to-equity ratio to 132.8%. Its total assets and total liabilities are CA$2.5B and CA$1.5B respectively. Nexus Industrial REIT's EBIT is CA$107.5M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$8.8M.
Key information
132.8%
Debt to equity ratio
CA$1.37b
Debt
Interest coverage ratio | 1.6x |
Cash | CA$8.83m |
Equity | CA$1.03b |
Total liabilities | CA$1.50b |
Total assets | CA$2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EFRT.F's short term assets (CA$171.8M) do not cover its short term liabilities (CA$378.2M).
Long Term Liabilities: EFRT.F's short term assets (CA$171.8M) do not cover its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: EFRT.F's net debt to equity ratio (132%) is considered high.
Reducing Debt: EFRT.F's debt to equity ratio has increased from 132.8% to 132.8% over the past 5 years.
Debt Coverage: EFRT.F's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: EFRT.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).