Phillips Edison Balance Sheet Health
Financial Health criteria checks 2/6
Phillips Edison has a total shareholder equity of $2.6B and total debt of $2.1B, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are $5.0B and $2.4B respectively. Phillips Edison's EBIT is $163.7M making its interest coverage ratio 1.9. It has cash and short-term investments of $6.4M.
Key information
81.6%
Debt to equity ratio
US$2.10b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$6.45m |
| Equity | US$2.58b |
| Total liabilities | US$2.37b |
| Total assets | US$4.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9R4's short term assets ($138.2M) exceed its short term liabilities ($129.5M).
Long Term Liabilities: 9R4's short term assets ($138.2M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: 9R4's net debt to equity ratio (81.4%) is considered high.
Reducing Debt: 9R4's debt to equity ratio has reduced from 114% to 81.6% over the past 5 years.
Debt Coverage: 9R4's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: 9R4's interest payments on its debt are not well covered by EBIT (1.9x coverage).