Plaza Retail REIT Balance Sheet Health
Financial Health criteria checks 1/6
Plaza Retail REIT has a total shareholder equity of CA$548.9M and total debt of CA$612.3M, which brings its debt-to-equity ratio to 111.5%. Its total assets and total liabilities are CA$1.3B and CA$714.5M respectively. Plaza Retail REIT's EBIT is CA$65.3M making its interest coverage ratio 2.3. It has cash and short-term investments of CA$10.9M.
Key information
111.5%
Debt to equity ratio
CA$612.32m
Debt
Interest coverage ratio | 2.3x |
Cash | CA$10.87m |
Equity | CA$548.92m |
Total liabilities | CA$714.49m |
Total assets | CA$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAZR.F's short term assets (CA$32.9M) do not cover its short term liabilities (CA$198.7M).
Long Term Liabilities: PAZR.F's short term assets (CA$32.9M) do not cover its long term liabilities (CA$515.7M).
Debt to Equity History and Analysis
Debt Level: PAZR.F's net debt to equity ratio (109.6%) is considered high.
Reducing Debt: PAZR.F's debt to equity ratio has reduced from 129.4% to 111.5% over the past 5 years.
Debt Coverage: PAZR.F's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: PAZR.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).