AvalonBay Communities Balance Sheet Health
Financial Health criteria checks 2/6
AvalonBay Communities has a total shareholder equity of $11.9B and total debt of $8.4B, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are $21.3B and $9.4B respectively. AvalonBay Communities's EBIT is $966.0M making its interest coverage ratio 4.5. It has cash and short-term investments of $552.8M.
Key information
70.5%
Debt to equity ratio
US$8.38b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$552.83m |
| Equity | US$11.88b |
| Total liabilities | US$9.42b |
| Total assets | US$21.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HJO's short term assets ($1.3B) exceed its short term liabilities ($808.6M).
Long Term Liabilities: 0HJO's short term assets ($1.3B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: 0HJO's net debt to equity ratio (65.8%) is considered high.
Reducing Debt: 0HJO's debt to equity ratio has increased from 68% to 70.5% over the past 5 years.
Debt Coverage: 0HJO's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 0HJO's interest payments on its debt are well covered by EBIT (4.5x coverage).