LTC Properties Balance Sheet Health
Financial Health criteria checks 1/6
LTC Properties has a total shareholder equity of $918.8M and total debt of $860.2M, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are $1.8B and $899.6M respectively. LTC Properties's EBIT is $113.3M making its interest coverage ratio 2.8. It has cash and short-term investments of $9.0M.
Key information
93.6%
Debt to equity ratio
US$860.21m
Debt
Interest coverage ratio | 2.8x |
Cash | US$9.01m |
Equity | US$918.84m |
Total liabilities | US$899.55m |
Total assets | US$1.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTP's short term assets ($340.3M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: LTP's short term assets ($340.3M) do not cover its long term liabilities ($860.2M).
Debt to Equity History and Analysis
Debt Level: LTP's net debt to equity ratio (92.6%) is considered high.
Reducing Debt: LTP's debt to equity ratio has increased from 85.7% to 93.6% over the past 5 years.
Debt Coverage: LTP's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: LTP's interest payments on its debt are not well covered by EBIT (2.8x coverage).