Morguard Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
Morguard Real Estate Investment Trust has a total shareholder equity of CA$920.6M and total debt of CA$1.3B, which brings its debt-to-equity ratio to 135.9%. Its total assets and total liabilities are CA$2.2B and CA$1.3B respectively. Morguard Real Estate Investment Trust's EBIT is CA$123.2M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$6.3M.
Key information
135.9%
Debt to equity ratio
CA$1.25b
Debt
Interest coverage ratio | 1.9x |
Cash | CA$6.26m |
Equity | CA$920.57m |
Total liabilities | CA$1.33b |
Total assets | CA$2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGRU.F's short term assets (CA$60.9M) do not cover its short term liabilities (CA$482.3M).
Long Term Liabilities: MGRU.F's short term assets (CA$60.9M) do not cover its long term liabilities (CA$843.8M).
Debt to Equity History and Analysis
Debt Level: MGRU.F's net debt to equity ratio (135.2%) is considered high.
Reducing Debt: MGRU.F's debt to equity ratio has increased from 84.6% to 135.9% over the past 5 years.
Debt Coverage: MGRU.F's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: MGRU.F's interest payments on its debt are not well covered by EBIT (1.9x coverage).