Four Corners Property Trust Balance Sheet Health
Financial Health criteria checks 3/6
Four Corners Property Trust has a total shareholder equity of $1.3B and total debt of $1.1B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are $2.5B and $1.2B respectively. Four Corners Property Trust's EBIT is $141.8M making its interest coverage ratio 3. It has cash and short-term investments of $26.1M.
Key information
89.5%
Debt to equity ratio
US$1.13b
Debt
Interest coverage ratio | 3x |
Cash | US$26.08m |
Equity | US$1.26b |
Total liabilities | US$1.20b |
Total assets | US$2.46b |
Recent financial health updates
No updates
Recent updates
Four Corners Property Trust: A Fortress Balance Sheet With Ample Growth Prospects
Apr 17Four Corners Property Trust: A Sleeper REIT You Should Add To Your Watchlist
Jan 19Four Corners: Upgrade To Buy On Sector Diversification And Improved Tenant Quality (Ratings Upgrade)
Nov 08Four Corners: A Look At This 5.6% Yielding REIT
Sep 08The Dividend Of Four Corners Property Trust Remains Attractive
Jul 04Four Corners Property Trust FFO of $0.41 in-line, revenue of $57.36M beats by $0.15M
Feb 15Here's Why We Think Four Corners Property Trust (NYSE:FCPT) Might Deserve Your Attention Today
Feb 15Four Corners Property Trust disposes a red lobster property for $4.7M
Jan 18FCPT buys 2 restaurant locations in New York for $6.9M
Dec 28Four Corners Property Trust acquires a Cooper’s Hawk Restaurant property for $6.9M
Dec 20FCPT acquires three Sun Auto Tire & Service properties for $9.1M
Dec 13Financial Position Analysis
Short Term Liabilities: FCPT's short term assets ($116.4M) exceed its short term liabilities ($32.3M).
Long Term Liabilities: FCPT's short term assets ($116.4M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: FCPT's net debt to equity ratio (87.4%) is considered high.
Reducing Debt: FCPT's debt to equity ratio has reduced from 89.5% to 89.5% over the past 5 years.
Debt Coverage: FCPT's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: FCPT's interest payments on its debt are well covered by EBIT (3x coverage).