SmartStop Self Storage REIT Balance Sheet Health
Financial Health criteria checks 4/6
SmartStop Self Storage REIT has a total shareholder equity of $671.2M and total debt of $1.1B, which brings its debt-to-equity ratio to 162.9%. Its total assets and total liabilities are $1.9B and $1.2B respectively. SmartStop Self Storage REIT's EBIT is $66.7M making its interest coverage ratio 1. It has cash and short-term investments of $41.8M.
Key information
162.9%
Debt to equity ratio
US$1.09b
Debt
| Interest coverage ratio | 1x |
| Cash | US$41.75m |
| Equity | US$671.22m |
| Total liabilities | US$1.22b |
| Total assets | US$1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSST's short term assets ($50.9M) exceed its short term liabilities ($50.3M).
Long Term Liabilities: SSST's short term assets ($50.9M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: SSST's net debt to equity ratio (156.7%) is considered high.
Reducing Debt: SSST's debt to equity ratio has reduced from 231.2% to 162.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SSST has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SSST is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.2% per year.