CubeSmart
Balance Sheet

Last updated:

The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has CubeSmart's balance sheet done over the years? Its assets were worth $6,225,020,000 last year, which is less than in the previous period. 54% of CubeSmart’s total assets is currently financed by debt. Its liabilities reached the amount of $3,344,212,000, which means an decrease by -2% compared compared to last year.

Debt to Assets

CubeSmart (NYSE:CUBE): Debt to assets
2014 2786339000 1.28B 46.19%
2015 3114834000 1.40B 45.07%
2016 3475028000 1.75B 50.63%
2017 3545336000 1.85B 52.34%
2018 3752972000 1.98B 52.78%
2019 4029545000 2.16B 53.61%
2020 4778142000 2.68B 56.25%
2021 6548079000 3.54B 54.21%
2022 6325830000 3.42B 54.19%
2023 6225020000 3.34B 53.72%

CUBE Balance Sheet (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Assets
Current assets:
Cash and cash equivalents
6.52M6.06M11.14M3.59M54.85M3.76M5.26M2.97M62.86M2.90M
Short term investments
000005M0000
Net receivables
33.18M30.01M23.56M18.95M16.83M16.25M12.97M5.28M5.04M4.23M
Inventory
0-95.75M64.80M8.86M62.02M-22.14M13.04M1119.12M0
Other current assets
74.77M72.34M-36.88M-25.18M-75.27M8.60M19.34M-15.97M28.54M7.27M
Total current assets
114.48M12.67M62.63M6.22M58.44M6.48M9.15M10.86M87.46M14.41M
Non-current assets:
Property, Plant and Equipment
50.47M49.49M54.74M55.30M41.69M3.60B3.40B3.32B2.87B2.62B
Goodwill
0000000100
Intangible assets
1.80M1.18M108.79M57.82M10.28M8.14M1.71M8.27M12.81M22.49M
Long term investments
98.28M105.99M119.75M92.07M91.11M95.79M91.20M98.68M97.28M95.70M
Other non-current assets
6.02B-169.33M268.02M174.02M105.50M3.64B3.44B30.38M2.91B2.65B
Total non-current assets
6.17B6.31B6.48B4.77B3.97B3.74B3.53B3.46B3.02B2.77B
Total assets
6.22B6.32B6.54B4.77B4.02B3.75B3.54B3.47B3.11B2.78B
Liabilities
Current liabilities:
Accounts payable
Deferred revenue
38.48M38.75M37.14M29.08M25.31M22.59M21.52M20.22M17.51M15.31M
Short term debt
060.9M209.9M117.8M1.93B195.52M81.7M43.3M078M
Total current liabilities
373.82M425.91M546.94M374.32M227.88M428.66M301.87M206.52M141.23M190.64M
Non-current liabilities:
Long term debt
3.00B3.00B3.00B2.31B1.93B1.55B1.55B1.55B1.25B1.09B
Deferred tax
0000000000
Other non-current liabilities
303.96M1.08M1.06M1.07M475K474K259.29M412K5.24M160.42M
Total non-current liabilities
3.30B3.00B3.00B2.31B1.93B1.55B1.55B1.55B1.26B1.09B
Total liabilities
3.34B3.42B3.54B2.68B2.16B1.98B1.85B1.75B1.40B1.28B
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