Extra Space Storage Balance Sheet Health
Financial Health criteria checks 3/6
Extrace Storage has a total shareholder equity of $15.1B and total debt of $11.5B, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are $27.8B and $12.6B respectively. Extrace Storage's EBIT is $1.5B making its interest coverage ratio 3.1. It has cash and short-term investments of $108.1M.
Key information
76.0%
Debt to equity ratio
US$11.50b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$108.11m |
| Equity | US$15.13b |
| Total liabilities | US$12.63b |
| Total assets | US$27.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FG8's short term assets ($1.5B) exceed its short term liabilities ($703.3M).
Long Term Liabilities: FG8's short term assets ($1.5B) do not cover its long term liabilities ($11.9B).
Debt to Equity History and Analysis
Debt Level: FG8's net debt to equity ratio (75.3%) is considered high.
Reducing Debt: FG8's debt to equity ratio has reduced from 179.2% to 76% over the past 5 years.
Debt Coverage: FG8's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: FG8's interest payments on its debt are well covered by EBIT (3.1x coverage).