How do you interpret consolidation eliminations — unsecured long term debt?

Changes reflect shifts in the internal capital structure and funding flows between the parent and its controlled entities.

How does consolidation eliminations — unsecured long term debt compare across companies?

Common in REITs that utilize internal financing vehicles or subsidiary-level debt structures.

CareTrust CTRE Consolidation Eliminations — Unsecured Long Term Debt

Discontinued — last reported Q2 '18

Similar metrics at other companies

REGConsolidation Eliminations — Long Term Debt

-$669.12M—

ARE

AREConsolidation Eliminations — Secured Debt

$0—

AMHConsolidation Eliminations — Secured Debt

$0—

AMHConsolidation Eliminations — Unsecured Debt

$0—

REGConsolidation Eliminations — Repayments Of Secured Debt

$0—

ARE

AREConsolidation Eliminations — Repayments Of Unsecured Debt

$0—

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:UnsecuredLongTermDebt.

The official record: CareTrust’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — unsecured long term debt mean?: The adjustment to remove internal unsecured debt balances between the parent and its subsidiaries.
How do you interpret consolidation eliminations — unsecured long term debt?: Changes reflect shifts in the internal capital structure and funding flows between the parent and its controlled entities.
How does consolidation eliminations — unsecured long term debt compare across companies?: Common in REITs that utilize internal financing vehicles or subsidiary-level debt structures.