Agree Realty Balance Sheet Health
Financial Health criteria checks 2/6
Agree Realty has a total shareholder equity of $5.3B and total debt of $2.7B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are $8.2B and $2.9B respectively. Agree Realty's EBIT is $293.4M making its interest coverage ratio 2.9. It has cash and short-term investments of $14.0M.
Key information
50.6%
Debt to equity ratio
US$2.68b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$13.97m |
| Equity | US$5.29b |
| Total liabilities | US$2.89b |
| Total assets | US$8.18b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADC.PRA's short term assets ($125.8M) exceed its short term liabilities ($115.9M).
Long Term Liabilities: ADC.PRA's short term assets ($125.8M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: ADC.PRA's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: ADC.PRA's debt to equity ratio has reduced from 62.3% to 50.6% over the past 5 years.
Debt Coverage: ADC.PRA's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: ADC.PRA's interest payments on its debt are not well covered by EBIT (2.9x coverage).