CareTrust REIT Balance Sheet Health
Financial Health criteria checks 5/6
CareTrust REIT has a total shareholder equity of $1.7B and total debt of $595.9M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $2.3B and $672.3M respectively. CareTrust REIT's EBIT is $144.0M making its interest coverage ratio 3.7. It has cash and short-term investments of $451.2M.
Key information
35.6%
Debt to equity ratio
US$595.87m
Debt
Interest coverage ratio | 3.7x |
Cash | US$451.17m |
Equity | US$1.68b |
Total liabilities | US$672.34m |
Total assets | US$2.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7XC's short term assets ($491.8M) exceed its short term liabilities ($76.5M).
Long Term Liabilities: 7XC's short term assets ($491.8M) do not cover its long term liabilities ($595.9M).
Debt to Equity History and Analysis
Debt Level: 7XC's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: 7XC's debt to equity ratio has reduced from 83.7% to 35.6% over the past 5 years.
Debt Coverage: 7XC's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 7XC's interest payments on its debt are well covered by EBIT (3.7x coverage).