Essex Property Trust Balance Sheet Health
Financial Health criteria checks 1/6
Essex Property Trust has a total shareholder equity of $5.7B and total debt of $6.2B, which brings its debt-to-equity ratio to 108.2%. Its total assets and total liabilities are $12.5B and $6.8B respectively. Essex Property Trust's EBIT is $564.6M making its interest coverage ratio 3. It has cash and short-term investments of $403.2M.
Key information
108.2%
Debt to equity ratio
US$6.20b
Debt
| Interest coverage ratio | 3x |
| Cash | US$403.19m |
| Equity | US$5.74b |
| Total liabilities | US$6.76b |
| Total assets | US$12.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESS *'s short term assets ($636.8M) exceed its short term liabilities ($445.2M).
Long Term Liabilities: ESS *'s short term assets ($636.8M) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: ESS *'s net debt to equity ratio (101.1%) is considered high.
Reducing Debt: ESS *'s debt to equity ratio has increased from 87% to 108.2% over the past 5 years.
Debt Coverage: ESS *'s debt is not well covered by operating cash flow (15.2%).
Interest Coverage: ESS *'s interest payments on its debt are not well covered by EBIT (3x coverage).