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
| 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 | 6.52M | 6.06M | 11.14M | 3.59M | 54.85M | 3.76M | 5.26M | 2.97M | 62.86M | 2.90M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 5M | 0 | 0 | 0 | 0 |
Net receivables | 33.18M | 30.01M | 23.56M | 18.95M | 16.83M | 16.25M | 12.97M | 5.28M | 5.04M | 4.23M |
Inventory | 0 | -95.75M | 64.80M | 8.86M | 62.02M | -22.14M | 13.04M | 1 | 119.12M | 0 |
Other current assets | 74.77M | 72.34M | -36.88M | -25.18M | -75.27M | 8.60M | 19.34M | -15.97M | 28.54M | 7.27M |
Total current assets | 114.48M | 12.67M | 62.63M | 6.22M | 58.44M | 6.48M | 9.15M | 10.86M | 87.46M | 14.41M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 50.47M | 49.49M | 54.74M | 55.30M | 41.69M | 3.60B | 3.40B | 3.32B | 2.87B | 2.62B |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Intangible assets | 1.80M | 1.18M | 108.79M | 57.82M | 10.28M | 8.14M | 1.71M | 8.27M | 12.81M | 22.49M |
Long term investments | 98.28M | 105.99M | 119.75M | 92.07M | 91.11M | 95.79M | 91.20M | 98.68M | 97.28M | 95.70M |
Other non-current assets | 6.02B | -169.33M | 268.02M | 174.02M | 105.50M | 3.64B | 3.44B | 30.38M | 2.91B | 2.65B |
Total non-current assets | 6.17B | 6.31B | 6.48B | 4.77B | 3.97B | 3.74B | 3.53B | 3.46B | 3.02B | 2.77B |
Total assets | 6.22B | 6.32B | 6.54B | 4.77B | 4.02B | 3.75B | 3.54B | 3.47B | 3.11B | 2.78B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 38.48M | 38.75M | 37.14M | 29.08M | 25.31M | 22.59M | 21.52M | 20.22M | 17.51M | 15.31M |
Short term debt | 0 | 60.9M | 209.9M | 117.8M | 1.93B | 195.52M | 81.7M | 43.3M | 0 | 78M |
Total current liabilities | 373.82M | 425.91M | 546.94M | 374.32M | 227.88M | 428.66M | 301.87M | 206.52M | 141.23M | 190.64M |
| Non-current liabilities: | ||||||||||
Long term debt | 3.00B | 3.00B | 3.00B | 2.31B | 1.93B | 1.55B | 1.55B | 1.55B | 1.25B | 1.09B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 303.96M | 1.08M | 1.06M | 1.07M | 475K | 474K | 259.29M | 412K | 5.24M | 160.42M |
Total non-current liabilities | 3.30B | 3.00B | 3.00B | 2.31B | 1.93B | 1.55B | 1.55B | 1.55B | 1.26B | 1.09B |
Total liabilities | 3.34B | 3.42B | 3.54B | 2.68B | 2.16B | 1.98B | 1.85B | 1.75B | 1.40B | 1.28B |
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