Minto Apartment Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Minto Apartment Real Estate Investment Trust has a total shareholder equity of CA$1.1B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are CA$2.6B and CA$1.5B respectively. Minto Apartment Real Estate Investment Trust's EBIT is CA$90.0M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$7.7M.
Key information
101.2%
Debt to equity ratio
CA$1.07b
Debt
Interest coverage ratio | 1.9x |
Cash | CA$7.69m |
Equity | CA$1.05b |
Total liabilities | CA$1.52b |
Total assets | CA$2.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIAP.F's short term assets (CA$145.1M) exceed its short term liabilities (CA$36.5M).
Long Term Liabilities: MIAP.F's short term assets (CA$145.1M) do not cover its long term liabilities (CA$1.5B).
Debt to Equity History and Analysis
Debt Level: MIAP.F's net debt to equity ratio (100.5%) is considered high.
Reducing Debt: MIAP.F's debt to equity ratio has reduced from 256.9% to 101.2% over the past 5 years.
Debt Coverage: MIAP.F's debt is not well covered by operating cash flow (9%).
Interest Coverage: MIAP.F's interest payments on its debt are not well covered by EBIT (1.9x coverage).