Necessity Retail REIT Balance Sheet Health
Financial Health criteria checks 3/6
Necessity Retail REIT has a total shareholder equity of $1.5B and total debt of $2.7B, which brings its debt-to-equity ratio to 181%. Its total assets and total liabilities are $4.3B and $2.9B respectively. Necessity Retail REIT's EBIT is $33.1M making its interest coverage ratio 0.2. It has cash and short-term investments of $59.2M.
Key information
181.0%
Debt to equity ratio
US$2.65b
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$59.17m |
| Equity | US$1.46b |
| Total liabilities | US$2.87b |
| Total assets | US$4.34b |
Recent financial health updates
Recent updates
Necessity Retail REIT: Significantly Undervalued Despite Strong FFO
Oct 19Necessity Retail REIT declares $0.2125 dividend
Oct 03Necessity Retail REIT: 10% Yield, 40% Upside, Deep In Debt
Aug 18Necessity Retail REIT FFO of $0.27 beats by $0.01, revenue of $116.9M beats by $14.44M
Aug 03Necessity Retail REIT declares $0.2125 dividend
Jul 01Necessity Retail REIT: High Yield, Low Debt, Longer-Term Investment
Jun 08Necessity Retail REIT: 11% Yield But We Prefer The Preferreds
Mar 28American Finance Trust: A Good Risk-Reward Setup
Dec 09American Finance: Preferred Shares Offer Good Buffer For Rising Rates
Sep 22American Finance Trust: 7.375% Shares Are Still Attractive Thanks To Superior Dividend And Asset Coverage Ratio
Sep 11American Finance Trust's Stable And Covered 9% Dividend Yield Trounces Realty Income
Jun 15American Finance Trust collects 100% of rent in April, May
Jun 08American Finance Trust, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 06What Type Of Returns Would American Finance Trust's(NASDAQ:AFIN) Shareholders Have Earned If They Purchased Their SharesYear Ago?
Feb 20
American Finance trust receives 95% of rent due for Q4; updates on acquisitions
Jan 07Financial Position Analysis
Short Term Liabilities: RTL's short term assets ($200.5M) exceed its short term liabilities ($61.5M).
Long Term Liabilities: RTL's short term assets ($200.5M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: RTL's net debt to equity ratio (177%) is considered high.
Reducing Debt: RTL's debt to equity ratio has increased from 80.8% to 181% 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: Whilst unprofitable RTL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RTL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8% per year.