Equity Residential Balance Sheet Health
Financial Health criteria checks 3/6
Equity Residential has a total shareholder equity of $11.5B and total debt of $7.2B, which brings its debt-to-equity ratio to 62.2%. Its total assets and total liabilities are $19.8B and $8.3B respectively. Equity Residential's EBIT is $898.1M making its interest coverage ratio 3.3. It has cash and short-term investments of $38.3M.
Key information
62.2%
Debt to equity ratio
US$7.16b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$38.30m |
| Equity | US$11.51b |
| Total liabilities | US$8.27b |
| Total assets | US$19.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IIB's short term assets ($151.6M) do not cover its short term liabilities ($614.6M).
Long Term Liabilities: 0IIB's short term assets ($151.6M) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: 0IIB's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: 0IIB's debt to equity ratio has reduced from 84.4% to 62.2% over the past 5 years.
Debt Coverage: 0IIB's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 0IIB's interest payments on its debt are well covered by EBIT (3.3x coverage).