Equity Residential Balance Sheet Health
Financial Health criteria checks 3/6
Equity Residential has a total shareholder equity of $11.6B and total debt of $7.2B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are $19.9B and $8.3B respectively. Equity Residential's EBIT is $891.1M making its interest coverage ratio 3.3. It has cash and short-term investments of $44.5M.
Key information
62.3%
Debt to equity ratio
US$7.21b
Debt
Interest coverage ratio | 3.3x |
Cash | US$44.54m |
Equity | US$11.57b |
Total liabilities | US$8.32b |
Total assets | US$19.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQR's short term assets ($201.6M) do not cover its short term liabilities ($684.8M).
Long Term Liabilities: EQR's short term assets ($201.6M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: EQR's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: EQR's debt to equity ratio has reduced from 83.9% to 62.3% over the past 5 years.
Debt Coverage: EQR's debt is well covered by operating cash flow (21.3%).
Interest Coverage: EQR's interest payments on its debt are well covered by EBIT (3.3x coverage).