Safehold Balance Sheet Health
Financial Health criteria checks 2/6
Safehold has a total shareholder equity of $2.3B and total debt of $4.3B, which brings its debt-to-equity ratio to 185.4%. Its total assets and total liabilities are $6.8B and $4.5B respectively. Safehold's EBIT is $304.2M making its interest coverage ratio 1.6. It has cash and short-term investments of $15.6M.
Key information
185.4%
Debt to equity ratio
US$4.30b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$15.58m |
| Equity | US$2.32b |
| Total liabilities | US$4.50b |
| Total assets | US$6.81b |
Recent financial health updates
No updates
Recent updates
Safehold: Time To Cover This High-Beta Bond Proxy
Nov 04Safehold To Star Holdings: A Paired Trade
Sep 23Safehold: Two Requirements To Make It To $30
Jul 15Are The 6.6% Yielding A Rated Bonds A Safehold?
Apr 26After Q4 Results And Share Price Drop, Safehold Is Still A Buy
Feb 14Safehold: All Eyes On Yields
Jan 23Safehold: Greatly Positioned For An Outperformance (Rating Upgrade)
Dec 12Take A Bite Of Star Holdings If You Are Bullish On Safehold
Nov 15Safehold: A Billionaire's Bet On Ground Leases
Nov 07Safehold Is About To Be Clobbered By Interest Rates
Oct 11Safehold: Playing The Duration Risk Via A REIT Vehicle
Sep 26Safehold The RINO: Defaults And Valuation
Sep 18Safehold: Simply Irreplaceable
Aug 20Safehold: An "All-In" Bet On Lower Rates
Aug 03Safehold: Undervalued Play On Ground Leases
Jul 28Safehold: Long Duration REIT With High Interest Rate Sensitivity
Jul 12Safe With Safehold - Could Buy More For 2024 And Beyond
Jun 04Financial Position Analysis
Short Term Liabilities: SAFE's short term assets ($5.6B) exceed its short term liabilities ($128.4M).
Long Term Liabilities: SAFE's short term assets ($5.6B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: SAFE's net debt to equity ratio (184.7%) is considered high.
Reducing Debt: SAFE's debt to equity ratio has increased from 84.2% to 185.4% over the past 5 years.
Debt Coverage: SAFE's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: SAFE's interest payments on its debt are not well covered by EBIT (1.6x coverage).