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
REIT Merger Standoff: Spirit Realty The Clear Winner With A Low Risk Potential 18.5% Return
Nov 01Spirit Is Anything But Spooky
Oct 17Spirit Realty Capital: A Solid Prospect For Value-Oriented, Yield-Seeking Investors
Sep 19Pounce On Spirit Realty Before Realty Income Does
Aug 26Nothing Spooky About Spirit
Jun 30Spirit Realty: I'd Rather Chase High Yield
May 31Spirit Realty Capital declares $0.663 dividend
Feb 23Spirit Realty: The 6% Yield Is Growing
Feb 16Spirit Realty Capital declares $0.663 dividend
Jan 24Like Passive Income? Buy Spirit Realty Capital's 6.6% Yield
Jan 09Spirit Realty Capital, NETSTREIT stocks downgraded to Neutral at BofA
Nov 14Spirit Realty: At These Yields Don't Look Away
Oct 30Spirit Realty: A Super 7% Yield To Turn Up The Cash Flow
Sep 26Spirit Realty Capital announces $800M term loan facility
Aug 22Spirit Realty Capital: Spirit-Lifting Dividends And Upside Potential
May 13Spirit Realty Capital: Buy This 5.6% Yielding Recession-Resistant Trust
Apr 18Spirit Realty: My Oh My, Another Strong Buy
Apr 10Spirit Realty Capital: Dirt Cheap And Higher Quality Than The Market Thinks
Feb 06Now Yielding 5.4%, Spirit Realty Capital Is Unfairly Maligned By The Market
Nov 24Spirit Realty Pays You A 5.2% Yield, And Is No Longer Spooky
Sep 11Spirit Realty Capital: Now Is The Best Time To Own Consumer Discretionary Real Estate
Jun 28Spirit Realty Capital: Not Bad, But Not Great Either
May 04Financial Position Analysis
Short Term Liabilities: SRC's short term assets ($458.6M) exceed its short term liabilities ($230.5M).
Long Term Liabilities: SRC's short term assets ($458.6M) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: SRC's net debt to equity ratio (82%) is considered high.
Reducing Debt: SRC's debt to equity ratio has increased from 73.6% to 85% over the past 5 years.
Debt Coverage: SRC's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: SRC's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/23 21:27 |
| End of Day Share Price | 2024/01/22 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Spirit Realty Capital, Inc. is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Crossett | Berenberg |
| Joshua Dennerlein | BofA Global Research |
| David Corak | B. Riley Securities, Inc. |