Simon Property Group Balance Sheet Health
Financial Health criteria checks 2/6
Simon Property Group has a total shareholder equity of $3.3B and total debt of $25.4B, which brings its debt-to-equity ratio to 765.1%. Its total assets and total liabilities are $33.3B and $30.0B respectively. Simon Property Group's EBIT is $3.0B making its interest coverage ratio 3.4. It has cash and short-term investments of $2.2B.
Key information
765.1%
Debt to equity ratio
US$25.42b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$2.17b |
| Equity | US$3.32b |
| Total liabilities | US$29.95b |
| Total assets | US$33.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SQI's short term assets ($3.0B) do not cover its short term liabilities ($4.4B).
Long Term Liabilities: SQI's short term assets ($3.0B) do not cover its long term liabilities ($25.5B).
Debt to Equity History and Analysis
Debt Level: SQI's net debt to equity ratio (699.8%) is considered high.
Reducing Debt: SQI's debt to equity ratio has reduced from 805.7% to 765.1% over the past 5 years.
Debt Coverage: SQI's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: SQI's interest payments on its debt are well covered by EBIT (3.4x coverage).