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 104.5%. Its total assets and total liabilities are $8.7B and $4.5B respectively. NNN REIT's EBIT is $536.9M making its interest coverage ratio 3.1. It has cash and short-term investments of $2.1M.
Key information
104.5%
Debt to equity ratio
US$4.38b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$2.13m |
| Equity | US$4.19b |
| Total liabilities | US$4.53b |
| Total assets | US$8.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNN *'s short term assets ($65.4M) exceed its short term liabilities ($30.9M).
Long Term Liabilities: NNN *'s short term assets ($65.4M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: NNN *'s net debt to equity ratio (104.4%) is considered high.
Reducing Debt: NNN *'s debt to equity ratio has increased from 69.1% to 104.5% over the past 5 years.
Debt Coverage: NNN *'s debt is not well covered by operating cash flow (14.2%).
Interest Coverage: NNN *'s interest payments on its debt are well covered by EBIT (3.1x coverage).