True North Commercial Real Estate Investment Trust Balance Sheet Health
Financial Health criteria checks 0/6
True North Commercial Real Estate Investment Trust has a total shareholder equity of CA$433.9M and total debt of CA$772.0M, which brings its debt-to-equity ratio to 177.9%. Its total assets and total liabilities are CA$1.3B and CA$820.5M respectively. True North Commercial Real Estate Investment Trust's EBIT is CA$61.6M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$10.6M.
Key information
177.9%
Debt to equity ratio
CA$771.99m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CA$10.60m |
| Equity | CA$433.91m |
| Total liabilities | CA$820.55m |
| Total assets | CA$1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TUER.F's short term assets (CA$80.5M) do not cover its short term liabilities (CA$349.0M).
Long Term Liabilities: TUER.F's short term assets (CA$80.5M) do not cover its long term liabilities (CA$471.5M).
Debt to Equity History and Analysis
Debt Level: TUER.F's net debt to equity ratio (175.5%) is considered high.
Reducing Debt: TUER.F's debt to equity ratio has increased from 128.1% to 177.9% over the past 5 years.
Debt Coverage: TUER.F's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: TUER.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).