Extra Space Storage Balance Sheet Health
Financial Health criteria checks 3/6
Extrace Storage has a total shareholder equity of $15.3B and total debt of $11.2B, which brings its debt-to-equity ratio to 73%. Its total assets and total liabilities are $27.5B and $12.2B respectively. Extrace Storage's EBIT is $1.4B making its interest coverage ratio 3.3. It has cash and short-term investments of $84.5M.
Key information
73.0%
Debt to equity ratio
US$11.16b
Debt
Interest coverage ratio | 3.3x |
Cash | US$84.46m |
Equity | US$15.29b |
Total liabilities | US$12.19b |
Total assets | US$27.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E1XR34's short term assets ($1.1B) exceed its short term liabilities ($658.3M).
Long Term Liabilities: E1XR34's short term assets ($1.1B) do not cover its long term liabilities ($11.5B).
Debt to Equity History and Analysis
Debt Level: E1XR34's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: E1XR34's debt to equity ratio has reduced from 180.6% to 73% over the past 5 years.
Debt Coverage: E1XR34's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: E1XR34's interest payments on its debt are well covered by EBIT (3.3x coverage).