CareTrust REIT (CareTrust REIT) Debt-to-Equity

: 0.42 (As of Dec. 2023)

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CareTrust REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. CareTrust REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $595.6 Mil. CareTrust REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,416.8 Mil. CareTrust REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CareTrust REIT's Debt-to-Equity or its related term are showing as below:

CTRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.79 Max: 3.09
Current: 0.42

During the past 12 years, the highest Debt-to-Equity Ratio of CareTrust REIT was 3.09. The lowest was 0.42. And the median was 0.79.

CTRE's Debt-to-Equity is ranked better than
81.01% of 674 companies
in the REITs industry
Industry Median: 0.78 vs CTRE: 0.42

CareTrust REIT Debt-to-Equity Historical Data

The historical data trend for CareTrust REIT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CareTrust REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.60

0.74

0.85

0.42

CareTrust REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.85	0.87	1.08	0.54	0.42

Competitive Comparison

For the REIT - Healthcare Facilities subindustry, CareTrust REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CareTrust REIT Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, CareTrust REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CareTrust REIT's Debt-to-Equity falls into.

CareTrust REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CareTrust REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	595.598)	/	1416.819
	=	0.42

CareTrust REIT's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	595.598)	/	1416.819
	=	0.42

CareTrust REIT (NYSE:CTRE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CareTrust REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CareTrust REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CareTrust REIT (CareTrust REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CareTrust REIT Inc (NYSE:CTRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7XC:Germany

Address

905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673

Website

https://www.caretrustreit.com

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

Executives

James Callister	officer: Executive Vice President	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Anne Olson	director	800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Careina D. Williams	director	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Spencer G Plumb	director	17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128
Diana Laing	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Mark D Lamb	officer: Chief Investment Officer	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Gary B Sabin	director	16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127
Jon D Kline	director	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
William M Wagner	officer: See Remarks	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
David M. Sedgwick	officer: Vice President of Operations	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Gregory K. Stapley	director, officer: President and CEO	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Allen Barbieri	director
David G. Lindahl	director	27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691
Christopher R. Christensen	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ensign Group, Inc	10 percent owner	29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675