Apple Hospitality REIT Balance Sheet Health
Financial Health criteria checks 3/6
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 45.7%. Its total assets and total liabilities are $5.0B and $1.7B respectively. Apple Hospitality REIT's EBIT is $272.1M making its interest coverage ratio 3.6. It has cash and short-term investments of $17.1M.
Key information
45.7%
Debt to equity ratio
US$1.51b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$17.09m |
| Equity | US$3.30b |
| Total liabilities | US$1.72b |
| Total assets | US$5.02b |
Recent financial health updates
No updates
Recent updates
Apple Hospitality: My Top REIT For Income With Attractive Yield
Nov 06Apple Hospitality REIT: Navigating Near-Term Volatility With Long-Term Gains In Sight
Oct 31Apple Hospitality: Growing Cash Flows And 7% Dividend Make This A Buy
Aug 16Apple Hospitality: Its Recovery Has Removed Any Opportunity
Jun 21Apple 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 27Financial Position Analysis
Short Term Liabilities: APLE's short term assets ($110.4M) exceed its short term liabilities ($108.0M).
Long Term Liabilities: APLE's short term assets ($110.4M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: APLE's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: APLE's debt to equity ratio has increased from 40.6% to 45.7% over the past 5 years.
Debt Coverage: APLE's debt is well covered by operating cash flow (27%).
Interest Coverage: APLE's interest payments on its debt are well covered by EBIT (3.6x coverage).