CubeSmart Balance Sheet Health
Financial Health criteria checks 2/6
CubeSmart has a total shareholder equity of $2.9B and total debt of $2.9B, which brings its debt-to-equity ratio to 101.5%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $501.9M making its interest coverage ratio 5.2. It has cash and short-term investments of $6.5M.
Key information
101.5%
Debt to equity ratio
US$2.92b
Debt
Interest coverage ratio | 5.2x |
Cash | US$6.53m |
Equity | US$2.88b |
Total liabilities | US$3.34b |
Total assets | US$6.23b |
Recent financial health updates
No updates
Recent updates
CubeSmart: Why Its Best Days Could Be Over
Mar 09CubeSmart: A Wise Dividend Buy With Promising Potential
Feb 19CubeSmart: Strong Dividend Growth & Trading At A Discount
Dec 06CubeSmart: Fairly Valued With Potential Growth
Oct 02CubeSmart's 5% Yield Is A Good Buy On Weakness
Sep 06CubeSmart: Self-Storage Demand Normalizes, But Remains Attractive
Jul 13CubeSmart declares $0.49 dividend
Feb 22CubeSmart Vs. Life Storage: Why LSI Is A Better Buy In 2023
Feb 01CubeSmart ticks lower amid Hedgeye short idea
Jan 10CubeSmart: The Newest Addition To My Roth IRA
Dec 14CubeSmart raises quarterly dividend by 14% to $0.49 /share
Dec 07CubeSmart: Dividend Increases May Be In Store For This Fast Grower
Sep 25CubeSmart declares $0.43 dividend
Jul 26Here's Why We Think CubeSmart (NYSE:CUBE) Is Well Worth Watching
Jul 22CubeSmart: Potentially Overvalued Amidst Sector Hype
Jul 18CubeSmart: A Smart Pick With Pricing Power
May 19Is Now The Time To Put CubeSmart (NYSE:CUBE) On Your Watchlist?
Apr 08CubeSmart: A High Yield Opportunity You'll Like
Mar 21CubeSmart: One Of The Best Income Growth Ideas Out There
Jan 08Should You Be Adding CubeSmart (NYSE:CUBE) To Your Watchlist Today?
Jan 02CubeSmart: A Smart Play For Both Growth And Dividend
Dec 14Growth Investors: Industry Analysts Just Upgraded Their CubeSmart (NYSE:CUBE) Revenue Forecasts By 10%
Dec 07CubeSmart Is A Terrific REIT
Oct 01CubeSmart: Shares Look Fairly Valued
Aug 26With EPS Growth And More, CubeSmart (NYSE:CUBE) Is Interesting
Aug 11CubeSmart: A Quality Firm At A Fair Price
Jun 08CubeSmart's (NYSE:CUBE) CEO Compensation Looks Acceptable To Us And Here's Why
May 05Can You Imagine How CubeSmart's (NYSE:CUBE) Shareholders Feel About The 35% Share Price Increase?
Mar 14Have Insiders Been Selling CubeSmart (NYSE:CUBE) Shares?
Feb 07Financial Position Analysis
Short Term Liabilities: CUBE's short term assets ($54.4M) do not cover its short term liabilities ($271.6M).
Long Term Liabilities: CUBE's short term assets ($54.4M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: CUBE's net debt to equity ratio (101.2%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 98.6% to 101.5% over the past 5 years.
Debt Coverage: CUBE's debt is well covered by operating cash flow (20.9%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (5.2x coverage).