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 ratio | 5.3x |
| Cash | US$377.10m |
| Equity | US$2.42b |
| Total liabilities | US$496.14m |
| Total assets | US$2.92b |
Recent financial health updates
No updates
Recent updates
CareTrust 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 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 02Financial 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).