NETSTREIT Balance Sheet Health
Financial Health criteria checks 2/6
NETSTREIT has a total shareholder equity of $1.3B and total debt of $785.2M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are $2.2B and $837.9M respectively. NETSTREIT's EBIT is $43.6M making its interest coverage ratio 1.6. It has cash and short-term investments of $33.8M.
Key information
58.3%
Debt to equity ratio
US$785.18m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$33.79m |
| Equity | US$1.35b |
| Total liabilities | US$837.93m |
| Total assets | US$2.19b |
Recent financial health updates
No updates
Recent updates
Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds
Nov 12NETSTREIT: A Solid Dividend And Significant Undervaluation
Sep 21Netstreit: Agree Realty 2.0 Or Potential Takeover Target?
Aug 26Netstreit Has Become More Compelling (Rating Upgrade)
Aug 20Netstreit: Worth Holding, But There Are Better Alternatives
Jul 14Netstreit: Still A REIT With A Significant, Double-Digit Upside
Jul 01Netstreit: Still A REIT With A Significant, Double-Digit Upside
Jun 04NETSTREIT's Q1 Earnings: Salient Features Assessed
May 01NETSTREIT Is Still Buyable, Even Beyond Trough
Feb 07Netstreit: 3 Reasons To Buy This REIT As Real Estate Rebounds
Jan 04The Reasons We Prefer Netstreit Over Realty Income
Dec 28Netstreit Q3 Earnings Preview: Shares Attractive On Consistent Portfolio Strength (Ratings Upgrade)
Oct 24Netstreit: Attractive Dividend, But Share Dilution May Limit Its Growth
Sep 29Netstreit: First Dividend Increase Attracts Attention, Shares Fairly Valued
Aug 30Netstreit: Looking Attractive After Solid Q2 Results (Rating Upgrade)
Aug 11Netstreit: Now Is The Time To Buy
Jul 17STORE Capital: Netstreit Could Be A Great Replacement
Dec 28Netstreit: Running Out Of Patience
Dec 17Netstreit: At 100% Occupancy Levels, It's Too Dependent On External Growth
Oct 31Financial Position Analysis
Short Term Liabilities: NTST's short term assets ($119.4M) exceed its short term liabilities ($20.5M).
Long Term Liabilities: NTST's short term assets ($119.4M) do not cover its long term liabilities ($817.4M).
Debt to Equity History and Analysis
Debt Level: NTST's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: NTST's debt to equity ratio has reduced from 91.3% to 58.3% over the past 5 years.
Debt Coverage: NTST's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: NTST's interest payments on its debt are not well covered by EBIT (1.6x coverage).