National Storage REIT Balance Sheet Health
Financial Health criteria checks 3/6
National Storage REIT has a total shareholder equity of A$3.4B and total debt of A$1.2B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are A$4.8B and A$1.4B respectively. National Storage REIT's EBIT is A$198.4M making its interest coverage ratio 4.8. It has cash and short-term investments of A$53.2M.
Key information
33.9%
Debt to equity ratio
AU$1.16b
Debt
| Interest coverage ratio | 4.8x |
| Cash | AU$53.21m |
| Equity | AU$3.42b |
| Total liabilities | AU$1.41b |
| Total assets | AU$4.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NSR's short term assets (A$71.1M) do not cover its short term liabilities (A$147.2M).
Long Term Liabilities: NSR's short term assets (A$71.1M) do not cover its long term liabilities (A$1.3B).
Debt to Equity History and Analysis
Debt Level: NSR's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: NSR's debt to equity ratio has reduced from 59.6% to 33.9% over the past 5 years.
Debt Coverage: NSR's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: NSR's interest payments on its debt are well covered by EBIT (4.8x coverage).