Extra Space Storage Balance Sheet Health
Financial Health criteria checks 2/6
Extrace Storage has a total shareholder equity of $4.0B and total debt of $7.3B, which brings its debt-to-equity ratio to 181.8%. Its total assets and total liabilities are $12.1B and $8.1B respectively. Extrace Storage's EBIT is $1.1B making its interest coverage ratio 5.9. It has cash and short-term investments of $88.1M.
Key information
181.8%
Debt to equity ratio
US$7.33b
Debt
Interest coverage ratio | 5.9x |
Cash | US$88.13m |
Equity | US$4.03b |
Total liabilities | US$8.10b |
Total assets | US$12.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EXR *'s short term assets ($1.1B) exceed its short term liabilities ($246.4M).
Long Term Liabilities: EXR *'s short term assets ($1.1B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: EXR *'s net debt to equity ratio (179.7%) is considered high.
Reducing Debt: EXR *'s debt to equity ratio has increased from 166.2% to 181.8% over the past 5 years.
Debt Coverage: EXR *'s debt is not well covered by operating cash flow (16.8%).
Interest Coverage: EXR *'s interest payments on its debt are well covered by EBIT (5.9x coverage).