National Storage REIT Balance Sheet Health
Financial Health criteria checks 4/6
National Storage REIT has a total shareholder equity of A$3.5B and total debt of A$1.4B, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are A$5.2B and A$1.7B respectively. National Storage REIT's EBIT is A$210.6M making its interest coverage ratio 4.5. It has cash and short-term investments of A$58.2M.
Key information
40.2%
Debt to equity ratio
AU$1.41b
Debt
| Interest coverage ratio | 4.5x |
| Cash | AU$58.24m |
| Equity | AU$3.51b |
| Total liabilities | AU$1.66b |
| Total assets | AU$5.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NSR's short term assets (A$232.6M) exceed its short term liabilities (A$151.3M).
Long Term Liabilities: NSR's short term assets (A$232.6M) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: NSR's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: NSR's debt to equity ratio has reduced from 64.8% to 40.2% over the past 5 years.
Debt Coverage: NSR's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: NSR's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:09 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
National Storage REIT is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |