SmartStop Self Storage REIT Balance Sheet Health
Financial Health criteria checks 3/6
SmartStop Self Storage REIT has a total shareholder equity of $628.0M and total debt of $1.2B, which brings its debt-to-equity ratio to 188.8%. Its total assets and total liabilities are $1.9B and $1.3B respectively. SmartStop Self Storage REIT's EBIT is $65.5M making its interest coverage ratio 0.9. It has cash and short-term investments of $36.9M.
Key information
188.8%
Debt to equity ratio
US$1.19b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$36.90m |
| Equity | US$628.02m |
| Total liabilities | US$1.31b |
| Total assets | US$1.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STSF.F's short term assets ($45.2M) do not cover its short term liabilities ($69.7M).
Long Term Liabilities: STSF.F's short term assets ($45.2M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: STSF.F's net debt to equity ratio (182.9%) is considered high.
Reducing Debt: STSF.F's debt to equity ratio has reduced from 227% to 188.8% 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 STSF.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: STSF.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.2% per year.