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 100.1%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $491.6M making its interest coverage ratio 5.2. It has cash and short-term investments of $43.5M.
Key information
100.1%
Debt to equity ratio
US$2.87b
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$43.51m |
| Equity | US$2.87b |
| Total liabilities | US$3.32b |
| Total assets | US$6.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CUBE *'s short term assets ($97.4M) do not cover its short term liabilities ($340.2M).
Long Term Liabilities: CUBE *'s short term assets ($97.4M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: CUBE *'s net debt to equity ratio (98.5%) is considered high.
Reducing Debt: CUBE *'s debt to equity ratio has increased from 96.7% to 100.1% over the past 5 years.
Debt Coverage: CUBE *'s debt is well covered by operating cash flow (21.2%).
Interest Coverage: CUBE *'s interest payments on its debt are well covered by EBIT (5.2x coverage).