EastGroup Properties Balance Sheet Health
Financial Health criteria checks 3/6
EastGroup Properties has a total shareholder equity of $2.4B and total debt of $1.7B, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are $4.4B and $2.0B respectively. EastGroup Properties's EBIT is $228.1M making its interest coverage ratio 4.8. It has cash and short-term investments of $42.5M.
Key information
71.4%
Debt to equity ratio
US$1.70b
Debt
Interest coverage ratio | 4.8x |
Cash | US$42.46m |
Equity | US$2.38b |
Total liabilities | US$1.98b |
Total assets | US$4.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EGP *'s short term assets ($143.4M) do not cover its short term liabilities ($218.1M).
Long Term Liabilities: EGP *'s short term assets ($143.4M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: EGP *'s net debt to equity ratio (69.6%) is considered high.
Reducing Debt: EGP *'s debt to equity ratio has reduced from 123.9% to 71.4% over the past 5 years.
Debt Coverage: EGP *'s debt is well covered by operating cash flow (20%).
Interest Coverage: EGP *'s interest payments on its debt are well covered by EBIT (4.8x coverage).