Essex Property Trust Balance Sheet Health
Financial Health criteria checks 1/6
Essex Property Trust has a total shareholder equity of $5.6B and total debt of $6.2B, which brings its debt-to-equity ratio to 110.3%. Its total assets and total liabilities are $12.4B and $6.7B respectively. Essex Property Trust's EBIT is $536.1M making its interest coverage ratio 3.2. It has cash and short-term investments of $396.0M.
Key information
110.3%
Debt to equity ratio
US$6.21b
Debt
Interest coverage ratio | 3.2x |
Cash | US$396.05m |
Equity | US$5.63b |
Total liabilities | US$6.74b |
Total assets | US$12.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EXP's short term assets ($644.2M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: EXP's short term assets ($644.2M) do not cover its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: EXP's net debt to equity ratio (103.3%) is considered high.
Reducing Debt: EXP's debt to equity ratio has increased from 87.2% to 110.3% over the past 5 years.
Debt Coverage: EXP's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: EXP's interest payments on its debt are well covered by EBIT (3.2x coverage).