Elme Communities Balance Sheet Health
Financial Health criteria checks 1/6
Elme Communities has a total shareholder equity of $1.1B and total debt of $692.9M, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are $1.9B and $754.2M respectively. Elme Communities's EBIT is $23.4M making its interest coverage ratio 0.6. It has cash and short-term investments of $5.2M.
Key information
63.1%
Debt to equity ratio
US$692.90m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$5.17m |
| Equity | US$1.10b |
| Total liabilities | US$754.19m |
| Total assets | US$1.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WRI's short term assets ($47.3M) do not cover its short term liabilities ($177.2M).
Long Term Liabilities: WRI's short term assets ($47.3M) do not cover its long term liabilities ($577.0M).
Debt to Equity History and Analysis
Debt Level: WRI's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: WRI's debt to equity ratio has reduced from 95.1% to 63.1% over the past 5 years.
Debt Coverage: WRI's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: WRI's interest payments on its debt are not well covered by EBIT (0.6x coverage).