CareTrust REIT, Inc.

NYSE:CTRE Stock Report

Market Cap: US$5.1b

CareTrust REIT Balance Sheet Health

Financial Health criteria checks 6/6

CareTrust REIT has a total shareholder equity of $2.4B and total debt of $396.7M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are $2.9B and $496.1M respectively. CareTrust REIT's EBIT is $175.8M making its interest coverage ratio 5.3. It has cash and short-term investments of $377.1M.

Key information

16.4%

Debt to equity ratio

US$396.71m

Debt

Interest coverage ratio5.3x
CashUS$377.10m
EquityUS$2.42b
Total liabilitiesUS$496.14m
Total assetsUS$2.92b

Recent financial health updates

No updates

Recent updates

CareTrust REIT: An Acquisition Titan That's Still A Buy For Long-Term Investors

Dec 18

CareTrust REIT: Strong Fundamentals And Growth Potential - Buy

Dec 04

CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT

Sep 24

CareTrust REIT Surges: Riding High On Skilled Nursing Strength

Sep 10

CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio

Jun 28

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

Jun 21

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

Apr 06

CareTrust REIT: Fat, Stable Yield With Upside

Feb 05

CareTrust: High-Quality Business Attractively Valued

Nov 25

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Sep 21

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

Sep 14

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

Aug 18

CareTrust REIT: Decent Yield And Attractive Risk Profile

Jun 14

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

Jun 05

CareTrust REIT: The Best Real Estate Investment In Senior Care

Feb 11

CareTrust REIT declares $0.275 dividend

Dec 16

CareTrust REIT: Earn A Solid 5.5% Yield From This Sturdy REIT

Sep 21

Financial Position Analysis

Short Term Liabilities: CTRE's short term assets ($411.9M) exceed its short term liabilities ($99.4M).

Long Term Liabilities: CTRE's short term assets ($411.9M) exceed its long term liabilities ($396.7M).

Debt to Equity History and Analysis

Debt Level: CTRE's net debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: CTRE's debt to equity ratio has reduced from 60.3% to 16.4% over the past 5 years.

Debt Coverage: CTRE's debt is well covered by operating cash flow (53.4%).

Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (5.3x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:34
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CareTrust REIT, Inc. is covered by 23 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Amanda SweitzerBaird
Steven ValiquetteBarclays