AvalonBay Communities Balance Sheet Health
Financial Health criteria checks 2/6
AvalonBay Communities has a total shareholder equity of $11.8B and total debt of $8.0B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are $20.7B and $8.9B respectively. AvalonBay Communities's EBIT is $866.3M making its interest coverage ratio 4.2. It has cash and short-term investments of $397.9M.
Key information
67.7%
Debt to equity ratio
US$7.98b
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$397.89m |
| Equity | US$11.78b |
| Total liabilities | US$8.89b |
| Total assets | US$20.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVB *'s short term assets ($531.0M) exceed its short term liabilities ($309.6M).
Long Term Liabilities: AVB *'s short term assets ($531.0M) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: AVB *'s net debt to equity ratio (64.4%) is considered high.
Reducing Debt: AVB *'s debt to equity ratio has increased from 66.2% to 67.7% over the past 5 years.
Debt Coverage: AVB *'s debt is not well covered by operating cash flow (19.5%).
Interest Coverage: AVB *'s interest payments on its debt are well covered by EBIT (4.2x coverage).