EastGroup Properties Balance Sheet Health
Financial Health criteria checks 3/6
EastGroup Properties has a total shareholder equity of $2.7B and total debt of $1.7B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are $4.6B and $1.9B respectively. EastGroup Properties's EBIT is $234.9M making its interest coverage ratio 5.2. It has cash and short-term investments of $46.6M.
Key information
63.0%
Debt to equity ratio
US$1.68b
Debt
Interest coverage ratio | 5.2x |
Cash | US$46.63m |
Equity | US$2.66b |
Total liabilities | US$1.92b |
Total assets | US$4.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EGO's short term assets ($142.5M) do not cover its short term liabilities ($325.5M).
Long Term Liabilities: EGO's short term assets ($142.5M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: EGO's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: EGO's debt to equity ratio has reduced from 122.7% to 63% over the past 5 years.
Debt Coverage: EGO's debt is well covered by operating cash flow (21.6%).
Interest Coverage: EGO's interest payments on its debt are well covered by EBIT (5.2x coverage).