RioCan Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 1/6
RioCan Real Estate Investment Trust has a total shareholder equity of CA$7.5B and total debt of CA$7.0B, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are CA$15.0B and CA$7.6B respectively. RioCan Real Estate Investment Trust's EBIT is CA$695.7M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$45.8M.
Key information
93.6%
Debt to equity ratio
CA$7.00b
Debt
Interest coverage ratio | 3.1x |
Cash | CA$45.83m |
Equity | CA$7.48b |
Total liabilities | CA$7.56b |
Total assets | CA$15.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIOC.F's short term assets (CA$426.5M) do not cover its short term liabilities (CA$1.6B).
Long Term Liabilities: RIOC.F's short term assets (CA$426.5M) do not cover its long term liabilities (CA$5.9B).
Debt to Equity History and Analysis
Debt Level: RIOC.F's net debt to equity ratio (93%) is considered high.
Reducing Debt: RIOC.F's debt to equity ratio has increased from 77.3% to 93.6% over the past 5 years.
Debt Coverage: RIOC.F's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: RIOC.F's interest payments on its debt are well covered by EBIT (3.1x coverage).