Apple Hospitality REIT Balance Sheet Health
Financial Health criteria checks 2/6
Apple Hospitality REIT has a total shareholder equity of $3.3B and total debt of $1.5B, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are $5.0B and $1.7B respectively. Apple Hospitality REIT's EBIT is $257.7M making its interest coverage ratio 3.7. It has cash and short-term investments of $29.4M.
Key information
45.0%
Debt to equity ratio
US$1.50b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$29.43m |
| Equity | US$3.33b |
| Total liabilities | US$1.70b |
| Total assets | US$5.03b |
Recent financial health updates
No updates
Recent updates
Apple Hospitality: Strong Cash Flows And De-Risked Balance Sheet At Single-Digit Multiple
Feb 26A Case Study On Leverage In Cyclical Sectors: Apple Hospitality
Feb 06Apple Hospitality REIT: Harvesting A Steady Income Stream
Dec 12Apple Hospitality Q3: Growth Has Been Slowing Down (Rating Downgrade)
Nov 28Hotel Income: 6% Monthly Dividends With Apple Hospitality
Oct 17Apple Hospitality REIT: A Healthy Fruit
Aug 17Apple Hospitality: A Solid Buy In Hotel REITs
Jul 30Apple Hospitality: Strong Performance Ahead
Jul 10Apple Hospitality REIT: Recovering Well With A 6.6% Dividend Yield
May 28Apple Hospitality Q4 2022 Earnings Preview
Feb 20Apple Hospitality REIT: Think Twice Before Taking A Bite
Feb 14Apple Hospitality declares $0.08 dividend
Jan 20Apple Hospitality declares $0.08 dividend, special dividend of $0.08
Dec 20Apple Hospitality beefs up portfolio with additional hotel purchases
Oct 27An Apple Hospitality REIT A Day Keeps The Bears Away
Oct 16Apple Hospitality goes ex dividend tomorrow
Sep 30Apple Hospitality raises dividend by 40% to $0.07
Aug 17Apple Hospitality: A Lodging REIT Poised For Dividend Growth
Aug 09Apple Hospitality declares $0.05 dividend
Jul 20Apple Hospitality: Tempted To Take A Bite
May 25Financial Position Analysis
Short Term Liabilities: APLE's short term assets ($122.5M) do not cover its short term liabilities ($196.6M).
Long Term Liabilities: APLE's short term assets ($122.5M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: APLE's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: APLE's debt to equity ratio has increased from 41.9% to 45% over the past 5 years.
Debt Coverage: APLE's debt is well covered by operating cash flow (26.8%).
Interest Coverage: APLE's interest payments on its debt are well covered by EBIT (3.7x coverage).