Inovalis Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Inovalis Real Estate Investment Trust has a total shareholder equity of CA$247.4M and total debt of CA$118.0M, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are CA$484.1M and CA$236.7M respectively. Inovalis Real Estate Investment Trust's EBIT is CA$2.8M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$12.6M.
Key information
47.7%
Debt to equity ratio
CA$118.04m
Debt
Interest coverage ratio | 0.6x |
Cash | CA$12.61m |
Equity | CA$247.37m |
Total liabilities | CA$236.70m |
Total assets | CA$484.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IVRE.F's short term assets (CA$24.2M) do not cover its short term liabilities (CA$71.0M).
Long Term Liabilities: IVRE.F's short term assets (CA$24.2M) do not cover its long term liabilities (CA$165.7M).
Debt to Equity History and Analysis
Debt Level: IVRE.F's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: IVRE.F's debt to equity ratio has reduced from 53% to 47.7% over the past 5 years.
Debt Coverage: IVRE.F's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: IVRE.F's interest payments on its debt are not well covered by EBIT (0.6x coverage).