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
Financial Position Analysis
Short Term Liabilities: E1SS34's short term assets ($770.6M) do not cover its short term liabilities ($866.2M).
Long Term Liabilities: E1SS34's short term assets ($770.6M) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: E1SS34's net debt to equity ratio (105%) is considered high.
Reducing Debt: E1SS34's debt to equity ratio has increased from 90.3% to 113.8% over the past 5 years.
Debt Coverage: E1SS34's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: E1SS34's interest payments on its debt are not well covered by EBIT (3x coverage).