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Life Storage Balance Sheet Health
Financial Health criteria checks 1/6
Life Storage has a total shareholder equity of $3.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are $7.4B and $3.6B respectively. Life Storage's EBIT is $484.8M making its interest coverage ratio 4.1. It has cash and short-term investments of $32.8M.
Key information
89.5%
Debt to equity ratio
US$3.40b
Debt
Interest coverage ratio | 4.1x |
Cash | US$32.77m |
Equity | US$3.80b |
Total liabilities | US$3.57b |
Total assets | US$7.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOV's short term assets ($77.1M) do not cover its short term liabilities ($129.3M).
Long Term Liabilities: SOV's short term assets ($77.1M) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: SOV's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: SOV's debt to equity ratio has increased from 86% to 89.5% over the past 5 years.
Debt Coverage: SOV's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: SOV's interest payments on its debt are well covered by EBIT (4.1x coverage).