CareTrust REIT Balance Sheet Health
Financial Health criteria checks 5/6
CareTrust REIT has a total shareholder equity of $2.9B and total debt of $396.9M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $3.4B and $507.6M respectively. CareTrust REIT's EBIT is $192.1M making its interest coverage ratio 6.3. It has cash and short-term investments of $213.8M.
Key information
13.5%
Debt to equity ratio
US$396.93m
Debt
| Interest coverage ratio | 6.3x |
| Cash | US$213.82m |
| Equity | US$2.93b |
| Total liabilities | US$507.63m |
| Total assets | US$3.44b |
Recent financial health updates
No updates
Recent updates
CareTrust REIT: A Growth And Cashflow Engine Serving A Vital Society Need
Jan 16CareTrust REIT: An Acquisition Titan That's Still A Buy For Long-Term Investors
Dec 18CareTrust REIT: Strong Fundamentals And Growth Potential - Buy
Dec 04CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT
Sep 24CareTrust REIT Surges: Riding High On Skilled Nursing Strength
Sep 10CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio
Jun 28CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure
Jun 21CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors
Apr 06CareTrust REIT: Fat, Stable Yield With Upside
Feb 05CareTrust: High-Quality Business Attractively Valued
Nov 25Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline
Sep 21CareTrust REIT: A Safer Alternative To Omega Healthcare Investors
Sep 14CareTrust REIT: Thesis Update After Q2 Results, Hold For Now
Aug 18CareTrust REIT: Decent Yield And Attractive Risk Profile
Jun 14CareTrust REIT: Opportunistic Capital Structure At The Right Moment
Jun 05Financial Position Analysis
Short Term Liabilities: CTRE's short term assets ($388.9M) exceed its short term liabilities ($110.7M).
Long Term Liabilities: CTRE's short term assets ($388.9M) do not cover its long term liabilities ($396.9M).
Debt to Equity History and Analysis
Debt Level: CTRE's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: CTRE's debt to equity ratio has reduced from 59.8% to 13.5% over the past 5 years.
Debt Coverage: CTRE's debt is well covered by operating cash flow (61.5%).
Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (6.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 03:45 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
CareTrust REIT, Inc. is covered by 26 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Amanda Sweitzer | Baird |
| Steven Valiquette | Barclays |