Highwoods Properties Balance Sheet Health
Financial Health criteria checks 1/6
Highwoods Properties has a total shareholder equity of $2.4B and total debt of $3.3B, which brings its debt-to-equity ratio to 135.2%. Its total assets and total liabilities are $6.0B and $3.6B respectively. Highwoods Properties's EBIT is $209.6M making its interest coverage ratio 1.4. It has cash and short-term investments of $23.7M.
Key information
135.2%
Debt to equity ratio
US$3.30b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$23.65m |
| Equity | US$2.44b |
| Total liabilities | US$3.59b |
| Total assets | US$6.03b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: HIWP34's short term assets ($447.5M) exceed its short term liabilities ($276.6M).
Long Term Liabilities: HIWP34's short term assets ($447.5M) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: HIWP34's net debt to equity ratio (134.2%) is considered high.
Reducing Debt: HIWP34's debt to equity ratio has increased from 101.2% to 135.2% over the past 5 years.
Debt Coverage: HIWP34's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: HIWP34's interest payments on its debt are not well covered by EBIT (1.4x coverage).