Extra Space Storage Balance Sheet Health
Financial Health criteria checks 3/6
Extrace Storage has a total shareholder equity of $15.0B and total debt of $11.5B, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are $28.1B and $13.1B respectively. Extrace Storage's EBIT is $1.5B making its interest coverage ratio 3.1. It has cash and short-term investments of $100.6M.
Key information
77.1%
Debt to equity ratio
US$11.53b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$100.65m |
| Equity | US$14.96b |
| Total liabilities | US$13.10b |
| Total assets | US$28.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IJV's short term assets ($1.4B) exceed its short term liabilities ($462.9M).
Long Term Liabilities: 0IJV's short term assets ($1.4B) do not cover its long term liabilities ($12.6B).
Debt to Equity History and Analysis
Debt Level: 0IJV's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: 0IJV's debt to equity ratio has reduced from 167% to 77.1% over the past 5 years.
Debt Coverage: 0IJV's debt is not well covered by operating cash flow (16%).
Interest Coverage: 0IJV's interest payments on its debt are well covered by EBIT (3.1x coverage).