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).