Seritage Growth Properties Balance Sheet Health
Financial Health criteria checks 4/6
Seritage Growth Properties has a total shareholder equity of $563.2M and total debt of $360.0M, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are $973.9M and $410.7M respectively.
Key information
63.9%
Debt to equity ratio
US$360.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$134.00m |
| Equity | US$563.16m |
| Total liabilities | US$410.70m |
| Total assets | US$973.86m |
Recent financial health updates
Is Seritage Growth Properties (NYSE:SRG) Weighed On By Its Debt Load?
Jun 07
Health Check: How Prudently Does Seritage Growth Properties (NYSE:SRG) Use Debt?
Jun 13Recent updates
Seritage Preferreds Offer Tempting Potential 12.86% Yield To Maturity
Jan 19Seritage: Intriguing Assets And Fascinating CEO
Nov 11Seritage: Nearing The Finish Line
Aug 20Is Seritage Growth Properties (NYSE:SRG) Weighed On By Its Debt Load?
Jun 07Seritage Growth Properties reduces outstanding debt to $800M
Feb 10Seritage Growth Properties: Buy $20 For Less Than $12
Nov 14O'Keefe Stevens - Seritage Growth Properties: A Good Idea On Paper
Nov 05Seritage Growth Properties prepays $70M loan
Oct 03Seritage: Bears Beat Back Bold Bulls
Sep 22Seritage Growth Properties prepays $100M toward $1.6B term loan facility
Aug 08Seritage Growth Properties surges on filing prelim proxy materials for Plan of Sale
Jul 08Health Check: How Prudently Does Seritage Growth Properties (NYSE:SRG) Use Debt?
Jun 13Seritage: Berkshire Is Not Taking A Haircut Here
Jun 13Seritage: Special Situation Opportunity Happening Now With 'Near Term' Shareholder Value Creation To Follow
Apr 22Seritage: Well Priced For 0% Returns
Jan 21Seritage Growth Properties: Significant Monetization Activities, A Path To Positive Cash From Operations, And A Massively Undervalued Asset Base - Shares Could Double
Nov 18Seritage: SNO Rents Drop 67% From 2019
Nov 03Seritage: NOI Now Down 84% From IPO
Aug 10Seritage Growth Properties: A Glimpse Of Its Value
Jun 28Seritage Growth Properties (SRG) Presents At REITweek 2021 Investor Virtual Conference - Slideshow
Jun 15Avoid Seritage Growth Properties Despite Discount To NAV
May 07What Type Of Returns Would Seritage Growth Properties'(NYSE:SRG) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Mar 15Have Insiders Been Selling Seritage Growth Properties (NYSE:SRG) Shares?
Jan 19
Seritage Growth Properties' Management Is Leaving: Maybe You Should, Too
Jan 04Seritage: World Of Hurt
Dec 30Seritage CEO will leave company in January for another opportunity
Dec 10What We Learned About Seritage Growth Properties' (NYSE:SRG) CEO Pay
Nov 27Seritage appoints internal candidate as new CFO
Nov 10Financial Position Analysis
Short Term Liabilities: SRG's short term assets ($215.8M) exceed its short term liabilities ($43.4M).
Long Term Liabilities: SRG's short term assets ($215.8M) do not cover its long term liabilities ($367.3M).
Debt to Equity History and Analysis
Debt Level: SRG's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: SRG's debt to equity ratio has reduced from 138.9% to 63.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SRG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SRG has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 43% each year.