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 100.1%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $491.6M making its interest coverage ratio 5.2. It has cash and short-term investments of $43.5M.
Key information
100.1%
Debt to equity ratio
US$2.87b
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$43.51m |
| Equity | US$2.87b |
| Total liabilities | US$3.32b |
| Total assets | US$6.19b |
Recent financial health updates
No updates
Recent updates
CubeSmart: One Of The Most Boring Business Models Delivers The Most Consistent Returns
Jul 22CubeSmart: Rising Costs And Declining Occupancy Are A Drain On FFO
May 02CubeSmart: 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 22
CubeSmart: 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 01Financial Position Analysis
Short Term Liabilities: CUBE's short term assets ($97.4M) do not cover its short term liabilities ($340.2M).
Long Term Liabilities: CUBE's short term assets ($97.4M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: CUBE's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 96.7% to 100.1% over the past 5 years.
Debt Coverage: CUBE's debt is well covered by operating cash flow (21.2%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (5.2x coverage).