NETSTREIT Balance Sheet Health
Financial Health criteria checks 2/6
NETSTREIT has a total shareholder equity of $1.3B and total debt of $727.7M, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are $2.1B and $780.1M respectively. NETSTREIT's EBIT is $40.4M making its interest coverage ratio 1.8. It has cash and short-term investments of $35.3M.
Key information
55.2%
Debt to equity ratio
US$727.74m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$35.26m |
| Equity | US$1.32b |
| Total liabilities | US$780.12m |
| Total assets | US$2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 64N's short term assets ($131.3M) exceed its short term liabilities ($16.2M).
Long Term Liabilities: 64N's short term assets ($131.3M) do not cover its long term liabilities ($763.9M).
Debt to Equity History and Analysis
Debt Level: 64N's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: 64N's debt to equity ratio has reduced from 125.1% to 55.2% over the past 5 years.
Debt Coverage: 64N's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 64N's interest payments on its debt are not well covered by EBIT (1.8x coverage).