Phillips Edison Balance Sheet Health
Financial Health criteria checks 1/6
Phillips Edison has a total shareholder equity of $2.6B and total debt of $2.0B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are $4.9B and $2.3B respectively. Phillips Edison's EBIT is $164.8M making its interest coverage ratio 2. It has cash and short-term investments of $7.1M.
Key information
78.1%
Debt to equity ratio
US$2.04b
Debt
Interest coverage ratio | 2x |
Cash | US$7.06m |
Equity | US$2.62b |
Total liabilities | US$2.29b |
Total assets | US$4.91b |
Recent financial health updates
No updates
Recent updates
Is Now The Time To Put Phillips Edison (NASDAQ:PECO) On Your Watchlist?
Feb 09Phillips Edison goes ex-dividend tomorrow
Oct 13Phillips Edison raises dividend by 3.7% to $0.0933
Sep 06Phillips Edison FFO of $0.56 beats by $0.02, revenue of $142.52M beats by $3.94M
Aug 04Phillips Edison: Jump Into This REIT Before It Takes Off
Jun 21Phillips Edison & Company: A Defensive Grocery-Anchored Retail REIT For Troubled Times
Mar 25Phillips Edison & Company, Inc. Just Missed EPS By 28%: Here's What Analysts Think Will Happen Next
Feb 20Financial Position Analysis
Short Term Liabilities: PECO's short term assets ($10.9M) do not cover its short term liabilities ($118.1M).
Long Term Liabilities: PECO's short term assets ($10.9M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: PECO's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: PECO's debt to equity ratio has reduced from 109% to 78.1% over the past 5 years.
Debt Coverage: PECO's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: PECO's interest payments on its debt are not well covered by EBIT (2x coverage).