Independence Realty Trust Balance Sheet Health
Financial Health criteria checks 2/6
Independence Realty Trust has a total shareholder equity of $3.6B and total debt of $2.3B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are $6.0B and $2.4B respectively. Independence Realty Trust's EBIT is $140.3M making its interest coverage ratio 1.6. It has cash and short-term investments of $60.1M.
Key information
64.0%
Debt to equity ratio
US$2.28b
Debt
Interest coverage ratio | 1.6x |
Cash | US$60.12m |
Equity | US$3.56b |
Total liabilities | US$2.41b |
Total assets | US$5.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5O2's short term assets ($179.3M) exceed its short term liabilities ($127.7M).
Long Term Liabilities: 5O2's short term assets ($179.3M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: 5O2's net debt to equity ratio (62.3%) is considered high.
Reducing Debt: 5O2's debt to equity ratio has reduced from 160.8% to 64% over the past 5 years.
Debt Coverage: 5O2's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 5O2's interest payments on its debt are not well covered by EBIT (1.6x coverage).