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 $2.0B, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are $4.9B and $2.2B respectively. Phillips Edison's EBIT is $160.2M making its interest coverage ratio 2. It has cash and short-term investments of $5.6M.
Key information
76.4%
Debt to equity ratio
US$2.02b
Debt
Interest coverage ratio | 2x |
Cash | US$5.63m |
Equity | US$2.64b |
Total liabilities | US$2.25b |
Total assets | US$4.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9R4's short term assets ($150.6M) exceed its short term liabilities ($102.2M).
Long Term Liabilities: 9R4's short term assets ($150.6M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: 9R4's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: 9R4's debt to equity ratio has reduced from 103.1% to 76.4% over the past 5 years.
Debt Coverage: 9R4's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: 9R4's interest payments on its debt are not well covered by EBIT (2x coverage).