Essex Property Trust Balance Sheet Health
Financial Health criteria checks 0/6
Essex Property Trust has a total shareholder equity of $5.7B and total debt of $6.4B, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are $12.6B and $7.0B respectively. Essex Property Trust's EBIT is $539.7M making its interest coverage ratio 2.9. It has cash and short-term investments of $72.4M.
Key information
112.4%
Debt to equity ratio
US$6.37b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$72.39m |
| Equity | US$5.66b |
| Total liabilities | US$6.99b |
| Total assets | US$12.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EXP's short term assets ($426.6M) do not cover its short term liabilities ($516.6M).
Long Term Liabilities: EXP's short term assets ($426.6M) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: EXP's net debt to equity ratio (111.1%) is considered high.
Reducing Debt: EXP's debt to equity ratio has increased from 93.7% to 112.4% over the past 5 years.
Debt Coverage: EXP's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: EXP's interest payments on its debt are not well covered by EBIT (2.9x coverage).