Community Healthcare Trust Inc (CHCT)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.84 | 1.83 | 1.78 | 1.79 | 1.76 | 1.70 | 1.66 | 1.62 | 1.63 | 1.62 | 1.63 | 1.63 | 1.55 | 1.50 | 1.58 | 1.62 | 1.59 | 1.77 | 1.76 | 1.69 |
Community Healthcare Trust Inc's solvency ratios have shown consistency and improvement over the past eight quarters. The debt-to-assets ratio has ranged from 0.36 to 0.43, indicating that between 36% and 43% of the company's assets are financed by debt. This suggests a moderate level of leverage, with slightly increasing levels in recent quarters.
The debt-to-capital ratio has remained relatively stable, fluctuating between 0.37 and 0.44, demonstrating that debt accounts for 37% to 44% of the company's total capital structure. This ratio reflects the proportion of the company's capital that is financed by debt, and the consistent range suggests a balanced capital structure.
The debt-to-equity ratio has shown a clear increasing trend, rising from 0.58 to 0.79 over the period. This indicates that the company's debt financing relative to equity has been increasing, moving from 58% to 79% over the past year. It is important for investors to monitor this ratio as a higher debt-to-equity ratio may indicate increased financial risk.
The financial leverage ratio has also shown a steady increase from 1.62 to 1.84, indicating that the company's assets are financed by 1.62 to 1.84 times the equity. This ratio reflects the level of debt in the company's capital structure relative to equity, with higher values indicating higher financial leverage and potential risks.
Overall, while the company's solvency ratios have been relatively stable in recent quarters, the increasing trends in debt-to-equity and financial leverage ratios warrant close monitoring to assess the company's long-term financial health and risk levels.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.46 | 1.54 | 1.74 | 1.74 | 2.87 | 3.06 | 3.08 | 3.10 | 3.16 | 3.21 | 3.37 | 3.38 | 3.23 | 2.92 | 1.73 | 0.71 | -0.35 | -1.24 | -0.56 | 0.35 |
Community Healthcare Trust Inc's interest coverage has shown a declining trend over the past eight quarters, indicating a potential challenge in meeting its interest payment obligations from its operating income. The interest coverage ratio, which calculates the company's ability to cover interest expenses with its operating income, has decreased from 3.06 in Q1 2022 to 1.41 in Q4 2023.
A ratio below 1 suggests that the company's operating income is insufficient to cover its interest expenses, raising concerns about its financial health and sustainability. The declining trend in the interest coverage ratio may indicate increasing financial risk for Community Healthcare Trust Inc, as it may struggle to meet its debt obligations in the future.
It is essential for investors and stakeholders to closely monitor Community Healthcare Trust Inc's financial performance, specifically its ability to generate sufficient operating income to cover its interest expenses, as a low interest coverage ratio could signal financial distress for the company.