Spirit Realty Capital Balance Sheet Health
Financial Health criteria checks 1/6
Spirit Realty Capital has a total shareholder equity of $4.5B and total debt of $3.8B, which brings its debt-to-equity ratio to 85%. Its total assets and total liabilities are $8.7B and $4.2B respectively. Spirit Realty Capital's EBIT is $329.1M making its interest coverage ratio 2.4. It has cash and short-term investments of $134.2M.
Key information
85.0%
Debt to equity ratio
US$3.82b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$134.17m |
| Equity | US$4.49b |
| Total liabilities | US$4.16b |
| Total assets | US$8.65b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRC.PRA's short term assets ($458.6M) exceed its short term liabilities ($230.5M).
Long Term Liabilities: SRC.PRA's short term assets ($458.6M) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: SRC.PRA's net debt to equity ratio (82%) is considered high.
Reducing Debt: SRC.PRA's debt to equity ratio has increased from 73.6% to 85% over the past 5 years.
Debt Coverage: SRC.PRA's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: SRC.PRA's interest payments on its debt are not well covered by EBIT (2.4x coverage).