CareTrust REIT Balance Sheet Health
Financial Health criteria checks 5/6
CareTrust REIT has a total shareholder equity of $1.4B and total debt of $595.6M, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are $2.1B and $666.1M respectively. CareTrust REIT's EBIT is $135.2M making its interest coverage ratio 3.3. It has cash and short-term investments of $294.4M.
Key information
42.0%
Debt to equity ratio
US$595.60m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$294.45m |
| Equity | US$1.42b |
| Total liabilities | US$666.12m |
| Total assets | US$2.08b |
Recent financial health updates
No updates
Recent updates
CareTrust 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 05CareTrust REIT: The Best Real Estate Investment In Senior Care
Feb 11CareTrust REIT declares $0.275 dividend
Dec 16CareTrust REIT: Earn A Solid 5.5% Yield From This Sturdy REIT
Sep 21CareTrust REIT declares $0.275 dividend
Sep 15CareTrust REIT extends secured loan on California skilled nursing facilities
Aug 02Put CareTrust REIT On Hold
Jul 13CareTrust REIT name Diana Laing chair after Stapley's planned resignation
Jul 01CareTrust REIT: Worsening Labor Shortage But Improving Occupancy
May 02CareTrust REIT: A Value Investment For Long Term Hold
Feb 18CareTrust REIT: Why This 5% Yielder Is A Great Value Buy
Dec 13CareTrust REIT: An Excellent Value Stock Currently Yielding 5.1%
Oct 02Here's Why We Think CareTrust REIT (NASDAQ:CTRE) Is Well Worth Watching
Sep 03
CareTrust REIT: This Cash Cow Gives Income And Growth
Jul 20CareTrust REIT declares $0.265 dividend
Jun 16CareTrust REIT (CTRE) Investor Presentation - Slideshow
Jun 09CareTrust REIT's subsidiaries offer $400M in senior notes due 2028
Jun 01Do CareTrust REIT's (NASDAQ:CTRE) Earnings Warrant Your Attention?
May 29CareTrust REIT, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 07It Looks Like Shareholders Would Probably Approve CareTrust REIT, Inc.'s (NASDAQ:CTRE) CEO Compensation Package
Apr 24Financial Position Analysis
Short Term Liabilities: CTRE's short term assets ($318.1M) exceed its short term liabilities ($70.5M).
Long Term Liabilities: CTRE's short term assets ($318.1M) do not cover its long term liabilities ($595.6M).
Debt to Equity History and Analysis
Debt Level: CTRE's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: CTRE's debt to equity ratio has reduced from 63.8% to 42% over the past 5 years.
Debt Coverage: CTRE's debt is well covered by operating cash flow (26%).
Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (3.3x coverage).