CubeSmart Balance Sheet Health
Financial Health criteria checks 2/6
CubeSmart has a total shareholder equity of $2.9B and total debt of $2.9B, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $499.5M making its interest coverage ratio 5.2. It has cash and short-term investments of $5.6M.
Key information
102.1%
Debt to equity ratio
US$2.92b
Debt
Interest coverage ratio | 5.2x |
Cash | US$5.59m |
Equity | US$2.86b |
Total liabilities | US$3.35b |
Total assets | US$6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UK8's short term assets ($49.7M) do not cover its short term liabilities ($349.9M).
Long Term Liabilities: UK8's short term assets ($49.7M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: UK8's net debt to equity ratio (101.9%) is considered high.
Reducing Debt: UK8's debt to equity ratio has increased from 101.3% to 102.1% over the past 5 years.
Debt Coverage: UK8's debt is well covered by operating cash flow (21.4%).
Interest Coverage: UK8's interest payments on its debt are well covered by EBIT (5.2x coverage).