NewLake Capital Partners Balance Sheet Health
Financial Health criteria checks 5/6
NewLake Capital Partners has a total shareholder equity of $406.9M and total debt of $7.6M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $434.6M and $27.7M respectively. NewLake Capital Partners's EBIT is $27.6M making its interest coverage ratio 25.4. It has cash and short-term investments of $19.8M.
Key information
1.9%
Debt to equity ratio
US$7.60m
Debt
| Interest coverage ratio | 25.4x |
| Cash | US$19.83m |
| Equity | US$406.92m |
| Total liabilities | US$27.66m |
| Total assets | US$434.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NLCP's short term assets ($24.7M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: NLCP's short term assets ($24.7M) exceed its long term liabilities ($17.4M).
Debt to Equity History and Analysis
Debt Level: NLCP has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NLCP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NLCP's debt is well covered by operating cash flow (594.8%).
Interest Coverage: NLCP's interest payments on its debt are well covered by EBIT (25.4x coverage).