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
Financial Position Analysis
Short Term Liabilities: RTLP.P's short term assets ($200.5M) exceed its short term liabilities ($61.5M).
Long Term Liabilities: RTLP.P's short term assets ($200.5M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: RTLP.P's net debt to equity ratio (177%) is considered high.
Reducing Debt: RTLP.P'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 RTLP.P has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RTLP.P 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.