The financial structure has shifted toward greater risk, with total debt climbing to $564.5 million and a debt-to-equity ratio of 1.36 as of 2026Q2, while a minimal cash balance of only $2.7 million limits operational flexibility.
Community Healthcare Trust Incorporated (CHCT) balance sheet — 12-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 |
|---|
| Total Assets | 1B | 990.76M | 992.56M | 945.41M | 876.42M | 754.23M | 668.4M | 562.53M | 426.57M | 385.77M | 251.53M | 142.8M | 2K |
| Asset Growth % | 6.77% | -0.18% | 4.99% | 7.87% | 16.2% | 12.84% | 18.82% | 31.87% | 10.58% | 53.37% | 76.14% | 7140050% | - |
| Real Estate & Other Assets | -1.06B | 938.97M | 929.4M | -15.26M | 803.52M | 703.93M | 634.57M | 527.35M | 391.98M | 10.01M | 239.15M | 2.07M | 0 |
| PP&E (Net) | 0 | 3.04M | 3.13M | 852.65M | 3.3M | 2.66M | 821K | 139K | 389.63M | 352.35M | 234.33M | 127.76M | 0 |
| Investment Securities | 1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 | 0 |
| Total Current Assets | 39.82M | 47.45M | 58.11M | 70.23M | 66.9M | 46.68M | 31.88M | 34.3M | 32.4M | 31.32M | 12.35M | 12.91M | 2K |
| Cash & Equivalents | 2.67M | 3.34M | 4.38M | 3.49M | 11.23M | 2.35M | 2.48M | 1.73M | 2.01M | 2.13M | 1.57M | 2.02M | 2K |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | -682K | 5.26M | 6.75M | 8.61M | 835K | 516K | 409K | 293K | 872K | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.08B | 1.31M | 1.93M | 2.65M | 2.4M | 611K | 617K | 144K | 168K | 343.95M | 25K | 50K | 0 |
| Total Liabilities | 589.35M | 561.37M | 516.6M | 432.16M | 379.61M | 292.12M | 238.49M | 209.12M | 154.91M | 102.39M | 57.52M | 20.53M | 0 |
| Total Debt | 564.51M | 536.2M | 489.98M | 412.28M | 357.06M | 269.39M | 213.17M | 194.39M | 147.77M | 93.35M | 51M | 17M | 0 |
| Net Debt | 561.84M | 532.86M | 485.6M | 408.79M | 345.83M | 267.04M | 210.68M | 192.66M | 145.76M | 91.22M | 49.43M | 14.98M | -2K |
| Long-Term Debt | 559.32M | 274.2M | 273.95M | 403.26M | 353M | 253.63M | 179.37M | 179.24M | 147.77M | 93.35M | 51M | 17M | 0 |
| Short-Term Borrowings | 99K | 258M | 212M | 4.97M | 141K | 12M | 33M | 15M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 21.49M | 4M | 4.03M | 4.05M | 4.07M | 3.77M | 793K | 143K | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 99K | 278.96M | 232.79M | 12.23M | 15.23M | 23.64M | 41.34M | 20.64M | 46.2M | 4.06M | 3.54M | 812K | 0 |
| Accounts Payable | 0 | 0 | 0 | 12.03M | 0 | 0 | 0 | 0 | 3.2M | 4.06M | 3.54M | 812K | 0 |
| Deferred Revenue | 4.43M | 6.03M | 6.5M | 5.38M | 3.85M | 3.79M | 2.6M | 2.03M | -3.2M | -97.41M | -54.54M | 0 | 0 |
| Other Liabilities | 20.41M | 4.22M | 5.83M | 12.82M | 7.32M | 7.3M | 14.38M | 7.07M | 3.68M | -29.02M | 2.98M | 2.72M | 0 |
| Total Equity | 414.24M | 429.39M | 475.96M | 513.26M | 496.81M | 462.11M | 429.92M | 353.41M | 417.87M | 375.55M | 244.55M | 122.27M | 2K |
| Equity Growth % | -34.39% | -9.79% | -7.27% | 3.31% | 7.51% | 7.49% | 21.65% | -15.43% | 11.27% | 53.57% | 100.01% | 6113400% | - |
| Shareholders Equity | 414.24M | 429.39M | 475.96M | 513.26M | 496.81M | 462.11M | 429.92M | 353.41M | 271.66M | 283.37M | 194.01M | 122.27M | 2K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146.21M | 92.17M | 50.55M | 0 | 0 |
| Common Stock | 287K | 285K | 282K | 276K | 259K | 250K | 239K | 214K | 186K | 181K | 130K | 76K | 2K |
| Additional Paid-in Capital | 722.45M | 717.45M | 704.52M | 688.16M | 625.14M | 595.62M | 550.39M | 447.92M | 337.18M | 324.3M | 214.32M | 127.58M | 0 |
| Retained Earnings | -317.55M | 90.78M | 85.67M | -191.59M | 81.14M | 59.12M | 36.63M | 17.55M | -66.34M | -41.37M | -20.45M | -5.38M | 0 |
| Preferred Stock | 0 | 0 | 0 | 175.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.1% | 0.51% | -0.33% | 0.85% | 2.7% | 3.16% | 3.1% | 1.69% | 1.08% | 1.1% | 1.38% | -2.04% | 379249.7% |
| Return on Equity (ROE) | 4.96% | 1.13% | -0.64% | 1.53% | 4.59% | 5.04% | 4.87% | 2.17% | 1.11% | 1.13% | 1.48% | -2.38% | 379249.7% |
| Debt / Assets | 56.25% | 54.12% | 49.37% | 43.61% | 40.74% | 35.72% | 31.89% | 34.56% | 34.64% | 24.2% | 20.28% | 11.9% | - |
| Debt / Equity | 1.36x | 1.25x | 1.03x | 0.80x | 0.72x | 0.58x | 0.50x | 0.55x | 0.35x | 0.25x | 0.21x | 0.14x | - |
| Net Debt / EBITDA | 6.12x | 8.35x | 7.61x | 6.24x | 5.16x | 4.16x | 3.94x | 4.65x | 3.00x | 2.44x | 1.96x | 3.57x | - |
| Book Value per Share | 15.33 | 15.99 | 17.94 | 20.37 | 21.02 | 19.86 | 19.93 | 18.91 | 23.65 | 25.35 | 21.60 | 25.87 | 0.00 |
Quick answers to the most common questions about buying CHCT stock.
As of 2025, Community Healthcare Trust Incorporated (CHCT) had total assets of $990.8M including $47.4M in current assets.
Community Healthcare Trust Incorporated (CHCT) carries total debt of $536.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Community Healthcare Trust Incorporated (CHCT) has total shareholders' equity (book value) of $429.4M ($15.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Community Healthcare Trust Incorporated (CHCT) reported a current ratio of 0.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Rising Leverage Amid Low Cash
Metrics are mathematically derived from official filings.
Leverage Rising on Acquisition-Fueled Growth
Over the last two years, Community Healthcare Trust has expanded its asset base to $1.0B while increasing total debt to $564.5M, as reported in recent SEC filings, resulting in a D/E ratio of 1.36, which suggests a shift toward a more leveraged capital structure.
The company's balance sheet has grown by approximately 2% since Q1 2024, but equity has contracted by nearly 19%, indicating that asset growth has been primarily debt-financed. This trajectory implies that future acquisitions may further strain the balance sheet unless offset by meaningful equity raises or retained earnings.
Debt Load Exceeds Equity, Peer Comparison Concerning
CHCT's debt-to-equity ratio of 1.36 as of Q2 2026, according to the company's financial statements, is notably higher than the peer median, indicating a more aggressive use of leverage relative to its healthcare REIT peers.
The company's total debt of $564.5M now exceeds its equity of $414.2M, a reversal from two years ago when D/E was below 1.0. This elevated leverage may increase vulnerability to rising interest rates or property market downturns, though the impact is mitigated by the long-term, fixed-rate nature of typical REIT debt.
Equity Base Erosion Raises Dilution Concerns
Shareholders' equity has declined by $97.4M over ten quarters to $414.2M, as per balance sheet data, despite consistent asset growth, suggesting that dividend payments and potential share issuances are outpacing retained earnings.
The persistent equity erosion, coupled with a negative ROE in Q2 2025, indicates that the company's profitability has not been sufficient to replenish equity through retained earnings. Investors should monitor for potential dilutive equity offerings to stabilize the capital structure.
Minimal Cash Buffer Strains Operational Flexibility
With only $2.7M in cash against $564.5M of total debt, as of the most recent quarter, CHCT's liquidity position appears thin, potentially limiting its ability to respond to unforeseen expenses or capitalize on acquisition opportunities.
The consistently low cash balance, which has been under $5M for most of the past two years, suggests the company is operating with minimal liquidity reserves. This may indicate reliance on credit facilities or imminent equity raises to fund operations, warranting close attention to covenant compliance.
Unconsolidated Ventures Could Mask True Exposure
The balance sheet shows no joint venture debt, but as a healthcare REIT, CHCT may have unconsolidated partnerships with off-balance-sheet liabilities that could materially increase its effective leverage beyond the reported D/E of 1.36.
While the company's consolidated balance sheet indicates a D/E of 1.36, healthcare REITs often utilize joint ventures for property acquisitions, which can carry non-recourse debt not fully captured in parent company financials. Investors should review the footnotes for guarantees or contingent liabilities that could represent additional financial exposure.