Mid-America Apartment Communities Balance Sheet Health
Financial Health criteria checks 3/6
Mid-America Apartment Communities has a total shareholder equity of $6.4B and total debt of $4.4B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are $11.4B and $5.0B respectively. Mid-America Apartment Communities's EBIT is $686.6M making its interest coverage ratio 4.6. It has cash and short-term investments of $150.2M.
Key information
69.2%
Debt to equity ratio
US$4.40b
Debt
Interest coverage ratio | 4.6x |
Cash | US$150.16m |
Equity | US$6.35b |
Total liabilities | US$5.04b |
Total assets | US$11.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAA *'s short term assets ($186.5M) do not cover its short term liabilities ($947.0M).
Long Term Liabilities: MAA *'s short term assets ($186.5M) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: MAA *'s net debt to equity ratio (66.9%) is considered high.
Reducing Debt: MAA *'s debt to equity ratio has reduced from 70.2% to 69.2% over the past 5 years.
Debt Coverage: MAA *'s debt is well covered by operating cash flow (26.1%).
Interest Coverage: MAA *'s interest payments on its debt are well covered by EBIT (4.6x coverage).