NewLake Capital Partners Balance Sheet Health
Financial Health criteria checks 5/6
NewLake Capital Partners has a total shareholder equity of $412.0M and total debt of $2.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are $433.3M and $21.3M respectively. NewLake Capital Partners's EBIT is $24.7M making its interest coverage ratio 65.1. It has cash and short-term investments of $25.8M.
Key information
0.5%
Debt to equity ratio
US$2.00m
Debt
Interest coverage ratio | 65.1x |
Cash | US$25.84m |
Equity | US$411.96m |
Total liabilities | US$21.34m |
Total assets | US$433.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NLCP's short term assets ($30.7M) exceed its short term liabilities ($9.5M).
Long Term Liabilities: NLCP's short term assets ($30.7M) exceed its long term liabilities ($11.8M).
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 (2004.2%).
Interest Coverage: NLCP's interest payments on its debt are well covered by EBIT (65.1x coverage).