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Granite Real Estate (TSE:GRT.UN)
TSX:GRT.UN
Canadian Market
GRT.UN
Granite Real Estate
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Granite Real Estate (GRT.UN) Ratios

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Granite Real Estate Ratios

TSE:GRT.UN's free cash flow for Q1 2026 was C$0.81. For the 2026 fiscal year, TSE:GRT.UN's free cash flow was decreased by C$ and operating cash flow was C$0.76. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
 0.35 0.39 1.07 0.39 0.44
Quick Ratio
 0.35 0.39 1.07 0.39 0.44
Cash Ratio
 0.18 0.16 0.86 0.30 0.22
Solvency Ratio
 0.10 0.08 0.09 0.04 0.07
Operating Cash Flow Ratio
 0.73 1.02 2.30 0.81 0.45
Short-Term Operating Cash Flow Coverage
 1.26 1.02 0.00 1.28 0.61
Net Current Asset Value
C$ -3.86BC$ -4.07BC$ -3.73BC$ -3.63BC$ -3.53B
Leverage Ratios
Debt-to-Assets Ratio
 0.32 0.34 0.32 0.34 0.33
Debt-to-Equity Ratio
 0.55 0.61 0.54 0.59 0.56
Debt-to-Capital Ratio
 0.36 0.38 0.35 0.37 0.36
Long-Term Debt-to-Capital Ratio
 0.33 0.35 0.35 0.35 0.32
Financial Leverage Ratio
 1.72 1.77 1.68 1.72 1.69
Debt Service Coverage Ratio
 1.23 0.92 5.20 0.67 0.82
Interest Coverage Ratio
 5.04 4.78 5.04 5.42 7.64
Debt to Market Cap
 0.53 0.66 0.70 0.63 0.68
Interest Debt Per Share
 52.78 56.33 51.00 50.07 47.76
Net Debt to EBITDA
 5.86 7.15 6.22 14.68 8.46
Profitability Margins
Gross Profit Margin
82.16%81.96%82.93%83.50%83.49%
EBIT Margin
81.39%74.06%84.20%38.73%30.15%
EBITDA Margin
81.58%74.25%84.42%38.97%76.11%
Operating Profit Margin
74.50%74.92%76.48%75.74%75.76%
Pretax Profit Margin
66.61%58.40%69.01%24.75%20.23%
Net Profit Margin
61.88%55.33%63.36%26.22%34.19%
Continuous Operations Profit Margin
61.97%55.41%63.58%26.57%34.20%
Net Income Per EBT
92.89%94.75%91.82%105.93%169.02%
EBT Per EBIT
89.41%77.95%90.24%32.68%26.70%
Return on Assets (ROA)
4.03%3.52%3.75%1.51%1.68%
Return on Equity (ROE)
7.08%6.21%6.30%2.59%2.84%
Return on Capital Employed (ROCE)
5.12%4.96%4.59%4.55%3.98%
Return on Invested Capital (ROIC)
4.62%4.52%4.23%4.42%3.78%
Return on Tangible Assets
4.03%3.52%3.75%1.49%1.65%
Earnings Yield
6.69%6.86%8.24%2.83%3.46%
Efficiency Ratios
Receivables Turnover
 50.98 67.49 30.14 39.98 37.42
Payables Turnover
 19.81 6.32 7.18 7.54 6.71
Inventory Turnover
 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
 201.04 182.83 145.41 165.69 112.85
Asset Turnover
 0.07 0.06 0.06 0.06 0.05
Working Capital Turnover Ratio
 -2.22 -5.60 -5.13 -1.80 -38.66
Cash Conversion Cycle
 -11.27 -52.33 -38.76 -39.25 -44.61
Days of Sales Outstanding
 7.16 5.41 12.11 9.13 9.76
Days of Inventory Outstanding
 0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
 18.43 57.74 50.87 48.38 54.37
Operating Cycle
 7.16 5.41 12.11 9.13 9.76
Cash Flow Ratios
Operating Cash Flow Per Share
 6.21 6.34 5.40 4.94 4.26
Free Cash Flow Per Share
 6.21 6.34 5.40 4.94 4.24
CapEx Per Share
 <0.01 <0.01 <0.01 <0.01 0.01
Free Cash Flow to Operating Cash Flow
 1.00 1.00 1.00 1.00 1.00
Dividend Paid and CapEx Coverage Ratio
 1.80 1.86 1.63 1.53 1.37
Capital Expenditure Coverage Ratio
 2.37K 3.31K 2.71K 1.10K 343.86
Operating Cash Flow Coverage Ratio
 0.12 0.12 0.11 0.10 0.09
Operating Cash Flow to Sales Ratio
 0.60 0.63 0.59 0.60 0.61
Free Cash Flow Yield
6.47%7.76%7.74%6.47%6.14%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 14.94 14.58 12.13 35.36 28.91
Price-to-Sales (P/S) Ratio
 9.24 8.07 7.69 9.27 9.89
Price-to-Book (P/B) Ratio
 1.04 0.91 0.76 0.92 0.82
Price-to-Free Cash Flow (P/FCF) Ratio
 15.46 12.88 12.93 15.45 16.28
Price-to-Operating Cash Flow Ratio
 15.46 12.88 12.92 15.43 16.23
Price-to-Earnings Growth (PEG) Ratio
 0.54 -6.95 0.07 -3.67 -0.33
Price-to-Fair Value
 1.04 0.91 0.76 0.92 0.82
Enterprise Value Multiple
 17.19 18.01 15.32 38.47 21.45
Enterprise Value
 8.83B 8.27B 7.36B 7.82B 7.44B
EV to EBITDA
 17.19 18.01 15.32 38.47 21.45
EV to Sales
 14.02 13.37 12.94 14.99 16.33
EV to Free Cash Flow
 23.46 21.35 21.75 24.98 26.88
EV to Operating Cash Flow
 23.45 21.35 21.74 24.96 26.80
Tangible Book Value Per Share
 92.93 90.31 91.46 85.12 86.38
Shareholders’ Equity Per Share
 92.77 90.16 91.32 83.29 83.98
Tax and Other Ratios
Effective Tax Rate
 0.07 0.05 0.08 -0.07 -0.69
Revenue Per Share
 10.39 10.13 9.07 8.23 6.99
Net Income Per Share
 6.43 5.60 5.75 2.16 2.39
Tax Burden
 0.93 0.95 0.92 1.06 1.69
Interest Burden
 0.82 0.79 0.82 0.64 0.67
Research & Development to Revenue
 0.00 0.00 0.00 0.00 <0.01
SG&A to Revenue
 0.06 0.00 0.06 0.08 0.06
Stock-Based Compensation to Revenue
 <0.01 0.00 <0.01 0.02 >-0.01
Income Quality
 0.97 1.13 0.94 2.26 1.78
Currency in CAD