Agree Realty Balance Sheet Health
Financial Health criteria checks 3/6
Agree Realty has a total shareholder equity of $5.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are $7.9B and $2.7B respectively. Agree Realty's EBIT is $272.2M making its interest coverage ratio 3.1. It has cash and short-term investments of $13.4M.
Key information
48.5%
Debt to equity ratio
US$2.51b
Debt
Interest coverage ratio | 3.1x |
Cash | US$13.41m |
Equity | US$5.18b |
Total liabilities | US$2.69b |
Total assets | US$7.87b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGL's short term assets ($119.2M) exceed its short term liabilities ($102.1M).
Long Term Liabilities: AGL's short term assets ($119.2M) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: AGL's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: AGL's debt to equity ratio has reduced from 59.8% to 48.5% over the past 5 years.
Debt Coverage: AGL's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: AGL's interest payments on its debt are well covered by EBIT (3.1x coverage).