Sabra Health Care REIT, Inc. (SBRA) Balance Sheet
SBRA balance sheet, 2025
December 31, 2025 · U.S. dollars$5.49B assets = $2.67B liabilities + $2.82B equity
Both columns are drawn to the same scale: what SBRA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBRA financial health
Descriptive bands, not a rating. Fiscal 2025.
SBRA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.27B2016 | $5.49B2025 | +10.3%/yr | |
| Total liabilities | $1.25B2016 | $2.67B2025 | +8.8%/yr | |
| Shareholders’ equity | $1.02B2016 | $2.82B2025 | +12.0%/yr | |
| Cash & short-term investments | $25.7M2016 | $71.5M2025 | +12.1%/yr | |
| Total debt | $1.21B2016 | $2.55B2025 | +8.6%/yr | |
| Net cash (debt) | −$1.19B2016 | −$2.48B2025 | −$1.3B | |
| Working capital | $144.9M2016 | −$147.5M2025 | −$292.4M | |
| Book value per share | $15.502016 | $11.542025 | −3.2%/yr | |
| Current ratio | 4.662016 | 0.562025 | −4.09 | |
| Debt / equity | 1.192016 | 0.902025 | −0.29 | |
| Shares outstanding | 65.5M2016 | 244.5M2025 | +15.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBRA assets
SBRA liabilities and equity
SBRA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBRA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $71.5M | $60.5M | $41.3M | $49.3M | $112.0M | $59.1M | $39.1M | $50.2M | $518.6M | $25.7M |
| Cash & equivalents | $71.5M | $60.5M | $41.3M | $49.3M | $112.0M | $59.1M | $39.1M | $50.2M | $518.6M | $25.7M |
| Short-term investments | — | — | $18.9M | $411.4M | $399.1M | $12.8M | $7.5M | $44.3M | $68.8M | $9.0M |
| Receivables | $111.3M | $131.8M | $133.8M | $147.9M | $537.2M | $263.5M | $213.5M | $236.6M | $234.8M | $149.9M |
| Inventory | $0 | $0 | $46.7M | $411.4M | $119.8M | $72.0M | $59.2M | $0 | $0 | $0 |
| Other current assets | $6.6M | $5.9M | $0 | $0 | $0 | $0 | $0 | $9.4M | $68.8M | $9.0M |
| Total current assets | $189.4M | $198.1M | $180.5M | $201.8M | $653.1M | $329.0M | $262.7M | $296.3M | $822.2M | $184.5M |
| Property, plant & equipment (net) | $0 | $0 | $4.63B | $4.96B | $5.16B | $5.29B | $9.3M | $5.85B | $5.99B | $2.01B |
| Goodwill & intangible assets | $65.3M | $27.5M | $30.9M | $40.1M | $54.1M | $165.6M | $203.0M | $262.2M | $334.2M | $26.2M |
| Long-term investments | $183.5M | $182.9M | $194.7M | $135.0M | $96.7M | $288.8M | $319.5M | $340.1M | $48.5M | $45.2M |
| Other non-current assets | $5.06B | $4.90B | $351.2M | $411.4M | $0 | $0 | $5.27B | $0 | $0 | $0 |
| Total assets | $5.49B | $5.30B | $5.39B | $5.75B | $5.97B | $5.99B | $6.07B | $6.67B | $7.03B | $2.27B |
| Liabilities | ||||||||||
| Accounts payable | — | $67.8M | $73.8M | $142.3M | $143.0M | $146.3M | $75.4M | $94.8M | $102.5M | $39.6M |
| Short-term debt | $217.6M | $106.6M | $94.4M | $197.0M | $1.78B | $1.31B | $3.6M | $3.4M | $1.40B | $4.1M |
| Deferred revenue | — | — | −$73.8M | — | — | −$72.2M | −$75.4M | — | — | — |
| Total current liabilities | $336.9M | $224.4M | $231.4M | $339.2M | $143.0M | $146.3M | $108.8M | $94.8M | $102.5M | $39.6M |
| Long-term debt | $2.31B | $2.31B | $2.32B | $2.31B | $2.39B | $2.37B | $113.1M | $115.7M | $256.4M | $160.8M |
| Lease obligations | $21.4M | $26.8M | $32.5M | $42.2M | $49.7M | $57.7M | $69.9M | $83.7M | $98.0M | — |
| Other long-term liabilities | $21.4M | $26.8M | $32.5M | $42.2M | $49.7M | $57.7M | $2.36B | $3.20B | $3.24B | $1.05B |
| Total liabilities | $2.67B | $2.56B | $2.58B | $2.69B | $2.59B | $2.58B | $2.58B | $3.41B | $3.60B | $1.25B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.5M | $2.4M | $2.3M | $2.3M | $2.3M | $2.1M | $2.1M | $1.8M | $3.64B | $1.21B |
| Retained earnings (deficit) | −$2.01B | −$1.87B | −$1.72B | −$1.45B | −$1.10B | −$716.2M | −$573.3M | −$271.6M | −$217.2M | −$192.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$3.6M | $20.9M | $23.7M | $19.1M | −$10.0M | −$39.9M | −$1.5M | $12.3M | $11.3M | −$1.8M |
| Minority interest | $1.9M | $0 | — | — | — | — | — | $4.3M | $4.4M | $35,000 |
| Total shareholders' equity | $2.82B | $2.74B | $2.80B | $3.06B | $3.38B | $3.41B | $3.49B | $3.25B | $3.43B | $1.02B |
| Key figures | ||||||||||
| Total debt | $2.55B | $2.44B | $2.45B | $2.55B | $4.18B | $3.68B | $2.48B | $3.23B | $3.39B | $1.21B |
| Net cash (debt) | −$2.48B | −$2.38B | −$2.41B | −$2.50B | −$4.07B | −$3.62B | −$2.44B | −$3.18B | −$2.88B | −$1.19B |
| Working capital | −$147.5M | −$26.4M | −$50.9M | −$137.4M | $510.1M | $182.7M | $153.9M | $201.5M | $719.7M | $144.9M |
| Tangible book value | $2.76B | $2.71B | $2.77B | $3.02B | $3.33B | $3.24B | $3.29B | $2.99B | $3.10B | $989.3M |
| Book value per share | $11.54 | $11.61 | $12.04 | $13.23 | $15.43 | $16.45 | $18.54 | $18.19 | $32.43 | $15.50 |
| Shares outstanding | 244.5M | 236.0M | 232.8M | 230.9M | 219.1M | 207.3M | 188.1M | 178.7M | 105.8M | 65.5M |
| Current ratio | 0.56 | 0.88 | 0.78 | 0.59 | 4.57 | 2.25 | 2.41 | 3.12 | 8.02 | 4.66 |
| Quick ratio | 0.54 | 0.86 | 0.76 | 0.58 | 4.54 | 2.21 | 2.32 | 3.02 | 7.35 | 4.43 |
| Debt / equity | 0.90 | 0.89 | 0.87 | 0.83 | 1.24 | 1.08 | 0.71 | 0.99 | 0.99 | 1.19 |
| Equity / assets | 51.4% | 51.7% | 52.0% | 53.2% | 56.6% | 57.0% | 57.5% | 48.8% | 48.8% | 44.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $231.6M | $123.5M | $71.5M | $200.6M | $95.2M | $22.7M | $60.5M | $63.0M | $36.4M | $59.9M | $41.3M | $33.3M |
| Cash & equivalents | $231.6M | $123.5M | $71.5M | $200.6M | $95.2M | $22.7M | $60.5M | $63.0M | $36.4M | $59.9M | $41.3M | $33.3M |
| Short-term investments | — | — | — | — | — | — | — | — | −$57.3M | $27.1M | $18.9M | $39.3M |
| Receivables | $130.1M | $148.1M | $111.3M | $113.2M | $155.0M | $126.4M | $131.8M | $121.5M | $146.1M | $148.4M | $496.6M | $513.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $69.0M | $335.2M | $59.9M | $46.7M | $44.5M |
| Other current assets | $0 | $0 | $6.6M | $6.9M | $6.5M | $6.2M | $5.9M | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $361.7M | $123.5M | $189.4M | $320.7M | $256.7M | $155.3M | $198.1M | $115.4M | $188.4M | $214.3M | $543.3M | $552.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.58B | $4.57B | $4.59B | $4.63B | $4.60B |
| Goodwill & intangible assets | $83.0M | $67.4M | $65.3M | $59.8M | $49.3M | $49.6M | $27.5M | $28.8M | $27.7M | $28.3M | $30.9M | $32.7M |
| Long-term investments | $181.1M | $182.4M | $183.5M | $182.0M | $189.5M | $182.8M | $182.9M | $190.6M | $187.1M | $191.8M | $194.7M | $135.8M |
| Other non-current assets | $4.89B | $5.22B | $5.06B | $5.00B | $4.83B | $4.85B | $4.90B | $449.9M | $381.7M | $351.3M | $0 | $56.9M |
| Total assets | $5.51B | $5.59B | $5.49B | $5.56B | $5.33B | $5.23B | $5.30B | $5.37B | $5.35B | $5.37B | $5.39B | $5.38B |
| Liabilities | ||||||||||||
| Accounts payable | $72.8M | — | — | — | $65.6M | — | — | $71.3M | $112.8M | $59.0M | $73.8M | $78.3M |
| Short-term debt | $1.1M | $8.9M | $217.6M | $8.1M | $8.9M | $1.6M | $106.6M | $513,000 | $1.0M | $146.1M | $94.4M | $499,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $129.3M | −$59.0M | −$73.8M | −$78.3M |
| Total current liabilities | $8.3M | $8.9M | $336.9M | $124.0M | $121.9M | $113.6M | $224.4M | $114.6M | $112.8M | $258.9M | $231.4M | $128.5M |
| Long-term debt | $2.31B | $2.31B | $2.31B | $2.59B | $2.48B | $2.39B | $2.31B | $2.47B | $2.45B | $2.32B | $2.32B | $2.32B |
| Lease obligations | $19.1M | $20.2M | $21.4M | $22.6M | $23.8M | $25.0M | $26.8M | $28.3M | $29.7M | $31.1M | $32.5M | $34.2M |
| Other long-term liabilities | $443.2M | $484.2M | $21.4M | $22.6M | $23.8M | $25.0M | $26.8M | $36.4M | $29.7M | $31.1M | $32.5M | $34.2M |
| Total liabilities | $2.76B | $2.80B | $2.67B | $2.74B | $2.62B | $2.53B | $2.56B | $2.62B | $2.59B | $2.61B | $2.58B | $2.51B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.6M | $2.5M | $2.5M | $2.5M | $2.4M | $2.4M | $2.4M | $2.4M | $2.3M | $2.3M | $2.3M | $2.3M |
| Retained earnings (deficit) | −$2.15B | −$2.05B | −$2.01B | −$1.96B | −$1.91B | −$1.91B | −$1.87B | −$1.85B | −$1.81B | −$1.76B | −$1.72B | −$1.67B |
| Accumulated other comprehensive income | $6.1M | −$3.0M | −$3.6M | −$6.0M | −$2.0M | $15.2M | $20.9M | −$1.83B | $31.1M | $31.2M | $23.7M | −$780,000 |
| Minority interest | $1.7M | $1.9M | $1.9M | $2.0M | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.75B | $2.79B | $2.82B | $2.82B | $2.71B | $2.70B | $2.74B | $2.74B | $2.76B | $2.77B | $2.80B | $2.87B |
| Key figures | ||||||||||||
| Total debt | $2.65B | $2.69B | $2.55B | $2.61B | $2.51B | $2.42B | $2.44B | $2.48B | $2.48B | $2.49B | $2.45B | $2.38B |
| Net cash (debt) | −$2.41B | −$2.57B | −$2.48B | −$2.41B | −$2.42B | −$2.40B | −$2.38B | −$2.42B | −$2.44B | −$2.43B | −$2.41B | −$2.35B |
| Working capital | $353.4M | $114.5M | −$147.5M | $196.7M | $134.8M | $41.6M | −$26.4M | $763,000 | $75.6M | −$44.6M | $311.9M | $423.6M |
| Tangible book value | $2.67B | $2.72B | $2.76B | $2.77B | $2.66B | $2.65B | $2.71B | $2.72B | $2.73B | $2.74B | $2.77B | $2.84B |
| Book value per share | $10.90 | $10.88 | $11.16 | $11.60 | $11.25 | $11.25 | $11.44 | $11.58 | $11.82 | $11.86 | $12.02 | $12.41 |
| Shares outstanding | 252.3M | 256.0M | 252.8M | 243.6M | 240.9M | 240.3M | 239.6M | 237.0M | 233.8M | 233.4M | 233.2M | 231.2M |
| Current ratio | 43.68 | 13.85 | 0.56 | 2.59 | 2.11 | 1.37 | 0.88 | 1.01 | 1.67 | 0.83 | 2.35 | 4.30 |
| Quick ratio | 43.68 | 30.46 | 0.54 | 2.53 | 2.05 | 1.31 | 0.86 | 1.61 | 1.62 | 0.80 | 2.32 | 4.25 |
| Debt / equity | 0.96 | 0.97 | 0.90 | 0.93 | 0.93 | 0.90 | 0.89 | 0.90 | 0.90 | 0.90 | 0.87 | 0.83 |
| Equity / assets | 49.9% | 49.8% | 51.4% | 50.8% | 50.9% | 51.6% | 51.7% | 51.2% | 51.6% | 51.5% | 52.0% | 53.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
SBRA financial position
At the end of fiscal 2025 (December 31, 2025), Sabra Health Care REIT had total assets of $5.5 billion (up 3.6% from a year earlier), total liabilities of $2.7 billion and shareholders' equity of $2.8 billion. It held $71.5 million in cash and short-term investments against $2.6 billion of debt, net debt of $2.5 billion. Its current ratio was 0.56. In the latest quarter (ended June 30, 2026) total assets were $5.5 billion and equity $2.8 billion.
Related: SBRA income statement, SBRA cash flow statement, SBRA key metrics. See the SBRA stock overview for the latest quote and news.
SBRA balance sheet FAQ
What are Sabra Health Care REIT's total assets?
Sabra Health Care REIT reported total assets of $5.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does Sabra Health Care REIT have?
Sabra Health Care REIT had $2.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.90.
How much cash does Sabra Health Care REIT have?
Sabra Health Care REIT held $71.5 million in cash and short-term investments at the end of fiscal 2025; with $2.6 billion of debt that is net debt of $2.5 billion.
What is Sabra Health Care REIT's book value?
Sabra Health Care REIT's shareholders' equity (book value) was $2.8 billion at the end of fiscal 2025, or $11.54 per share.
What is Sabra Health Care REIT's current ratio?
Sabra Health Care REIT had current assets of $189.4 million and current liabilities of $336.9 million, a current ratio of 0.56 (current liabilities exceed current assets).
How much goodwill does Sabra Health Care REIT have?
Sabra Health Care REIT carried $65.3 million of goodwill and intangible assets, 1.2% of total assets, at the end of fiscal 2025.