InterRent Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
InterRent Real Estate Investment Trust has a total shareholder equity of CA$2.5B and total debt of CA$1.6B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are CA$4.3B and CA$1.8B respectively. InterRent Real Estate Investment Trust's EBIT is CA$146.3M making its interest coverage ratio 2.3. It has cash and short-term investments of CA$22.6M.
Key information
65.5%
Debt to equity ratio
CA$1.65b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CA$22.61m |
| Equity | CA$2.52b |
| Total liabilities | CA$1.77b |
| Total assets | CA$4.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IIPZ.F's short term assets (CA$73.8M) do not cover its short term liabilities (CA$186.7M).
Long Term Liabilities: IIPZ.F's short term assets (CA$73.8M) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: IIPZ.F's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: IIPZ.F's debt to equity ratio has increased from 63.9% to 65.5% over the past 5 years.
Debt Coverage: IIPZ.F's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: IIPZ.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).