NNN REIT Balance Sheet Health
Financial Health criteria checks 2/6
NNN REIT has a total shareholder equity of $4.2B and total debt of $4.4B, which brings its debt-to-equity ratio to 104.9%. Its total assets and total liabilities are $8.7B and $4.5B respectively. NNN REIT's EBIT is $517.1M making its interest coverage ratio 3.2. It has cash and short-term investments of $1.2M.
Key information
104.9%
Debt to equity ratio
US$4.36b
Debt
Interest coverage ratio | 3.2x |
Cash | US$1.19m |
Equity | US$4.16b |
Total liabilities | US$4.50b |
Total assets | US$8.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CZ2's short term assets ($51.0M) exceed its short term liabilities ($34.4M).
Long Term Liabilities: CZ2's short term assets ($51.0M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: CZ2's net debt to equity ratio (104.9%) is considered high.
Reducing Debt: CZ2's debt to equity ratio has increased from 68.6% to 104.9% over the past 5 years.
Debt Coverage: CZ2's debt is not well covered by operating cash flow (14%).
Interest Coverage: CZ2's interest payments on its debt are well covered by EBIT (3.2x coverage).