SITE Centers Balance Sheet Health
Financial Health criteria checks 2/6
SITE Centers has a total shareholder equity of $2.2B and total debt of $1.6B, which brings its debt-to-equity ratio to 74.8%. Its total assets and total liabilities are $4.1B and $1.9B respectively. SITE Centers's EBIT is $126.8M making its interest coverage ratio 1.6. It has cash and short-term investments of $552.0M.
Key information
74.8%
Debt to equity ratio
US$1.63b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$551.97m |
| Equity | US$2.18b |
| Total liabilities | US$1.89b |
| Total assets | US$4.06b |
Recent financial health updates
No updates
Recent updates
SITE Centers Remains A Solid Investment Even After The Spinoff
Feb 27SITE Centers: Asset Sales Highlight Extreme Undervaluation
Nov 01SITE Centers: Holding Steady
Oct 22SITE Centers: The 6.85% Yielding Preferred Shares Are Intriguing
Jul 19Here's Why We Think SITE Centers (NYSE:SITC) Might Deserve Your Attention Today
Feb 16
SITE Centers Corp.: Shares Appear Fairly Valued Following Q4FY22 Results
Feb 13SITE Centers Q4 2022 Earnings Preview
Feb 07SITE Centers announces $166.3M property sales in Q4
Jan 09SITE Centers to buy back stock in $100M repurchase plan
Dec 20SITE Centers declares $0.13 dividend
Nov 01SITE Centers: High Quality Shopping Centers On The Clearance Rack
Oct 24SITE Centers declares $0.13 dividend
Sep 07SITE Centers: Not Differentiated Enough For Selective Investors
Aug 30SITE Centers FFO, revenue beat estimates, raises 2022 guidance
Jul 28SITE Centers: The Picture Continues To Improve
Jun 16Financial Position Analysis
Short Term Liabilities: SITC's short term assets ($667.2M) exceed its short term liabilities ($180.8M).
Long Term Liabilities: SITC's short term assets ($667.2M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: SITC's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: SITC's debt to equity ratio has reduced from 90.9% to 74.8% over the past 5 years.
Debt Coverage: SITC's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: SITC's interest payments on its debt are not well covered by EBIT (1.6x coverage).