Essex Property Trust Balance Sheet Health
Financial Health criteria checks 0/6
Essex Property Trust has a total shareholder equity of $5.8B and total debt of $6.6B, which brings its debt-to-equity ratio to 113.8%. Its total assets and total liabilities are $12.9B and $7.1B respectively. Essex Property Trust's EBIT is $541.4M making its interest coverage ratio 3. It has cash and short-term investments of $506.8M.
Key information
113.8%
Debt to equity ratio
US$6.55b
Debt
| Interest coverage ratio | 3x |
| Cash | US$506.84m |
| Equity | US$5.76b |
| Total liabilities | US$7.13b |
| Total assets | US$12.89b |
Recent financial health updates
No updates
Recent updates
Essex Property Trust: The Buying Window Has Now Closed
Jun 12Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued
May 16Essex Property Trust: A Dividend Aristocrat Worth Buying Now
Apr 05Essex Property Trust: Build And Buy Apartments Like A Pro
Feb 15Essex Property Trust: A Growth REIT With An Attractive Yield
Jan 15Essex Property Trust: I Expect The West Coast To Outperform Next
Dec 11Essex Property Trust: Still Has Potential
Dec 05Essex Property Trust: Low Yield, Small Discount To NAV
Nov 06Essex Property Trust: California Exposure Isn't That Problematic
Oct 12Essex Property Trust: Dividend Yield At A High
Oct 01Essex Property Trust: Don't Mind The California Exposure
Jul 29Essex Property: A Smart Value For A Frothy Market
Jun 14Essex Property Trust: Great Long-Term REIT, Still Some Near-Term Questions
Jan 23Essex Property Trust Is Clearly The Best Bargain When It Comes To Residential REITs
Jan 12Why Buy Rentals When You Can Buy Essex Property
Dec 16Essex Property Trust declares $2.20 dividend
Dec 09Apartments In Free Fall, So I Bought Essex
Nov 09Essex Property Trust: Long-Term Compounder In The Bargain Bin
Oct 20Essex Property Trust declares $2.20 dividend
Sep 15Essex Property Trust: Another Beat-And-Raise Quarter
Aug 21Essex Property Trust: Hefty West Coast Dividend Checks
Jun 08Essex Property Trust: A West Coast Sharpshooter That Checks All Boxes, Except For One
Mar 29Essex Property Trust: Why I (Sadly) Sold And Where I Reinvested The Proceeds
Jan 27Financial Position Analysis
Short Term Liabilities: ESS's short term assets ($770.6M) do not cover its short term liabilities ($866.2M).
Long Term Liabilities: ESS's short term assets ($770.6M) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: ESS's net debt to equity ratio (105%) is considered high.
Reducing Debt: ESS's debt to equity ratio has increased from 90.3% to 113.8% over the past 5 years.
Debt Coverage: ESS's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: ESS's interest payments on its debt are not well covered by EBIT (3x coverage).