What does consolidation eliminations — notes payable mean?

This metric reflects the elimination of intercompany notes payable during the consolidation process. It removes debt obligations owed by subsidiaries to the parent company, ensuring that the consolidated balance sheet only reflects debt owed to external creditors. This is essential for presenting the REIT's true external leverage position.

CareTrust CTRE Consolidation Eliminations — Notes Payable

Discontinued — last reported Q4 '15

Similar metrics at other companies

ABRNotes payable - real estate owned

$253.19M+104%

NREFAdjustment To Mortgages Payable Net On Consolidation Of Real Estate

-$10.66M—

HNotes Reduction

$15M—

CUBEPayments Of Mortgage Loans And Notes Payable

$308K+2.3%

ACR

ACRPayments Of Commercial Real Estate Notes Payable

$0-100%

AXONNotes Payable

$0-100%

Other financials

Income statement

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Revenue$142.8M+47.8%

Gross profit$49.7M—

Net income$80.2M+21.9%

EPS (diluted)$0.36+2.9%

Balance sheet

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Cash & equivalents$223.2M-64.7%

Total debt$894.6M+8.8%

Total equity$4.1B+41.1%

Total assets$5.2B+34.8%

Cash flow

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Operating cash flow$90.4M+26.6%

CapEx$440.3K—

Free cash flow$98.1M+60.6%

Valuation

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Market cap$8.76B+52.5%

Enterprise value$9.43B+59.4%

P/E26.1×-9.3×

P/S16.8×-0.6×

Profitability

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Gross margin100%—

Net margin64.1%+14.9pp

FCF margin82.3%-0.1pp

Returns & leverage

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Return on equity9.5%+2.4pp

Debt / equity0.2×-0.1×

Where this comes from

Reported directly by CareTrust in its filing.

Tagged under the XBRL concept us-gaap:NotesPayable.

The official record: CareTrust’s 10-K, filed February 7, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — notes payable mean?: This metric reflects the elimination of intercompany notes payable during the consolidation process. It removes debt obligations owed by subsidiaries to the parent company, ensuring that the consolidated balance sheet only reflects debt owed to external creditors. This is essential for presenting the REIT's true external leverage position.