First Capital Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
First Capital Real Estate Investment Trust has a total shareholder equity of CA$4.0B and total debt of CA$4.2B, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are CA$9.2B and CA$5.1B respectively. First Capital Real Estate Investment Trust's EBIT is CA$422.0M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$67.1M.
Key information
103.3%
Debt to equity ratio
CA$4.16b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$67.14m |
| Equity | CA$4.02b |
| Total liabilities | CA$5.14b |
| Total assets | CA$9.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCXX.F's short term assets (CA$692.4M) do not cover its short term liabilities (CA$808.9M).
Long Term Liabilities: FCXX.F's short term assets (CA$692.4M) do not cover its long term liabilities (CA$4.3B).
Debt to Equity History and Analysis
Debt Level: FCXX.F's net debt to equity ratio (101.7%) is considered high.
Reducing Debt: FCXX.F's debt to equity ratio has reduced from 118.6% to 103.3% over the past 5 years.
Debt Coverage: FCXX.F's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: FCXX.F's interest payments on its debt are not well covered by EBIT (2.8x coverage).