Simon Property Group Balance Sheet Health
Financial Health criteria checks 2/6
Simon Property Group has a total shareholder equity of $3.3B and total debt of $25.4B, which brings its debt-to-equity ratio to 765.1%. Its total assets and total liabilities are $33.3B and $30.0B respectively. Simon Property Group's EBIT is $3.0B making its interest coverage ratio 3.4. It has cash and short-term investments of $2.2B.
Key information
765.1%
Debt to equity ratio
US$25.42b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$2.17b |
| Equity | US$3.32b |
| Total liabilities | US$29.95b |
| Total assets | US$33.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPGR's short term assets ($3.0B) do not cover its short term liabilities ($4.4B).
Long Term Liabilities: SPGR's short term assets ($3.0B) do not cover its long term liabilities ($25.5B).
Debt to Equity History and Analysis
Debt Level: SPGR's net debt to equity ratio (699.8%) is considered high.
Reducing Debt: SPGR's debt to equity ratio has reduced from 805.7% to 765.1% over the past 5 years.
Debt Coverage: SPGR's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: SPGR's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:22 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Simon Property Group, Inc. is covered by 45 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ross Smotrich | Barclays |
| William Acheson | Benchmark Company |