Choice Properties Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
Choice Properties Real Estate Investment Trust has a total shareholder equity of CA$4.5B and total debt of CA$11.9B, which brings its debt-to-equity ratio to 268.4%. Its total assets and total liabilities are CA$16.9B and CA$12.4B respectively. Choice Properties Real Estate Investment Trust's EBIT is CA$987.9M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$19.8M.
Key information
268.4%
Debt to equity ratio
CA$11.94b
Debt
Interest coverage ratio | 1.7x |
Cash | CA$19.81m |
Equity | CA$4.45b |
Total liabilities | CA$12.42b |
Total assets | CA$16.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPRQ.F's short term assets (CA$226.5M) do not cover its short term liabilities (CA$1.4B).
Long Term Liabilities: PPRQ.F's short term assets (CA$226.5M) do not cover its long term liabilities (CA$11.0B).
Debt to Equity History and Analysis
Debt Level: PPRQ.F's net debt to equity ratio (267.9%) is considered high.
Reducing Debt: PPRQ.F's debt to equity ratio has reduced from 501.3% to 268.4% over the past 5 years.
Debt Coverage: PPRQ.F's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: PPRQ.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).