Apple Hospitality REIT Balance Sheet Health
Financial Health criteria checks 3/6
Apple Hospitality REIT has a total shareholder equity of $3.3B and total debt of $1.5B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are $5.0B and $1.7B respectively. Apple Hospitality REIT's EBIT is $272.1M making its interest coverage ratio 3.6. It has cash and short-term investments of $17.1M.
Key information
45.7%
Debt to equity ratio
US$1.51b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$17.09m |
| Equity | US$3.30b |
| Total liabilities | US$1.72b |
| Total assets | US$5.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APLE *'s short term assets ($110.4M) exceed its short term liabilities ($108.0M).
Long Term Liabilities: APLE *'s short term assets ($110.4M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: APLE *'s net debt to equity ratio (45.2%) is considered high.
Reducing Debt: APLE *'s debt to equity ratio has increased from 40.6% to 45.7% over the past 5 years.
Debt Coverage: APLE *'s debt is well covered by operating cash flow (27%).
Interest Coverage: APLE *'s interest payments on its debt are well covered by EBIT (3.6x coverage).