Centerspace Balance Sheet Health
Financial Health criteria checks 3/6
Centerspace has a total shareholder equity of $905.1M and total debt of $921.3M, which brings its debt-to-equity ratio to 101.8%. Its total assets and total liabilities are $1.9B and $982.3M respectively. Centerspace's EBIT is $21.2M making its interest coverage ratio 0.6. It has cash and short-term investments of $14.5M.
Key information
101.8%
Debt to equity ratio
US$921.27m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$14.45m |
| Equity | US$905.14m |
| Total liabilities | US$982.27m |
| Total assets | US$1.89b |
Recent financial health updates
No updates
Recent updates
Centerspace: One Of The Cheapest Multifamily REITs
Sep 06Centerspace: A Value Buy In The Multifamily Space
Jan 27Centerspace: Viewed Neutrally Despite Positive Developments And Forward Guidance
Nov 06Centerspace: Improving Debt Position, Shares Fairly Valued
Aug 09Centerspace: Rental Growth Will Fuel Growth In 2023 And Beyond
May 30Centerspace FFO of $1.17 misses by $0.01, revenue of $67.85M beats by $0.87M
Feb 21Centerspace FFO of $1.13 misses by $0.04, revenue of $65.44M beats by $0.87M
Oct 31Centerspace declares $0.73 dividend
Sep 02Centerspace: The Mountains Are Calling This Multifamily REIT
Aug 23Centerspace Q2 FFO, revenue beats, FY22 FFO guidance raised
Aug 01Financial Position Analysis
Short Term Liabilities: CSR's short term assets ($38.1M) do not cover its short term liabilities ($62.9M).
Long Term Liabilities: CSR's short term assets ($38.1M) do not cover its long term liabilities ($919.4M).
Debt to Equity History and Analysis
Debt Level: CSR's net debt to equity ratio (100.2%) is considered high.
Reducing Debt: CSR's debt to equity ratio has reduced from 117.9% to 101.8% 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 CSR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CSR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.9% per year.