SmartStop Self Storage REIT Balance Sheet Health
Financial Health criteria checks 2/6
SmartStop Self Storage REIT has a total shareholder equity of $692.2M and total debt of $1.1B, which brings its debt-to-equity ratio to 157.1%. Its total assets and total liabilities are $1.9B and $1.2B respectively. SmartStop Self Storage REIT's EBIT is $67.7M making its interest coverage ratio 1.1. It has cash and short-term investments of $48.6M.
Key information
157.1%
Debt to equity ratio
US$1.09b
Debt
Interest coverage ratio | 1.1x |
Cash | US$48.56m |
Equity | US$692.22m |
Total liabilities | US$1.20b |
Total assets | US$1.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STSF.F's short term assets ($56.9M) do not cover its short term liabilities ($360.0M).
Long Term Liabilities: STSF.F's short term assets ($56.9M) do not cover its long term liabilities ($843.4M).
Debt to Equity History and Analysis
Debt Level: STSF.F's net debt to equity ratio (150.1%) is considered high.
Reducing Debt: STSF.F's debt to equity ratio has increased from 117.6% to 157.1% 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 34.4% per year.