Alexander's Balance Sheet Health
Financial Health criteria checks 1/6
Alexander's has a total shareholder equity of $190.7M and total debt of $988.0M, which brings its debt-to-equity ratio to 518.1%. Its total assets and total liabilities are $1.4B and $1.2B respectively. Alexander's's EBIT is $88.7M making its interest coverage ratio 2.1. It has cash and short-term investments of $354.8M.
Key information
509.1%
Debt to equity ratio
US$1.08b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$423.75m |
| Equity | US$212.52m |
| Total liabilities | US$1.27b |
| Total assets | US$1.48b |
Recent financial health updates
No updates
Recent updates
Alexander's Inc.: Numerous Signs Of Distress
Jul 16Alexander's: Hold On To This 8.8% Yield From New York City
Apr 21Alexander's: A Lot Of Risks For A Small Discount
Jan 29Alexander's 10% Yield Seems Compelling But Faces Headwinds
Nov 01Alexander's, Inc.: The Needle Is Pointing Down
Aug 02Alexanders AFFO of $4.03 misses by $0.05, revenue of $53.05M beats by $1.35M
Feb 13Alexanders declares $4.50 dividend
Jan 18Alexanders declares $4.50 dividend
Oct 26Alexanders declares $4.50 dividend
Jul 27Alexander's: Bottom Fishing On This Commercial REIT Could Be Risky
Jul 09Alexander's: Trading At ~69% Of NAV, Yields 7.1% And Insiders Own >50%
Mar 20Alexander's: An Excellent Value Stock Currently Yielding 7%
Sep 07Alexander's: High Quality NYC REIT Trading At 70% NAV And Mike Bloomberg Pays You A 7% Yield
May 26Alexanders FFO beats by $0.01, beats on revenue
May 03Alexanders declares $4.50 dividend
Apr 28Is Alexander's, Inc.'s (NYSE:ALX) 18% ROE Better Than Average?
Dec 29
Alexanders FFO misses by $0.99, misses on revenue
Nov 02Alexanders declares $4.50 dividend
Oct 28Financial Position Analysis
Short Term Liabilities: ALX's short term assets ($514.9M) exceed its short term liabilities ($51.4M).
Long Term Liabilities: ALX's short term assets ($514.9M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: ALX's net debt to equity ratio (332%) is considered high.
Reducing Debt: ALX's debt to equity ratio has increased from 370% to 518.1% over the past 5 years.
Debt Coverage: ALX's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: ALX's interest payments on its debt are not well covered by EBIT (2.1x coverage).