EastGroup Properties Balance Sheet Health
Financial Health criteria checks 3/6
EastGroup Properties has a total shareholder equity of $2.7B and total debt of $1.7B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are $4.6B and $1.9B respectively. EastGroup Properties's EBIT is $234.9M making its interest coverage ratio 5.2. It has cash and short-term investments of $46.6M.
Key information
63.0%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$46.63m |
| Equity | US$2.66b |
| Total liabilities | US$1.92b |
| Total assets | US$4.58b |
Recent financial health updates
No updates
Recent updates
EastGroup Properties: A Fully Valued Industrial Sunbelt Play
Apr 22EastGroup Properties: A Great Dividend Pick At A Great Premium
Jan 25EastGroup Properties: Guidance Raised Again In Q3, But Wait For Better Price
Nov 09EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT
Sep 21Recession Worries? EastGroup Properties Could Be A Better Buy Than STAG Industrial
Aug 24EastGroup Properties: Solid Core Holding At Less Of A Bargain
Jul 17With EPS Growth And More, EastGroup Properties (NYSE:EGP) Makes An Interesting Case
Jan 09
Eastgroup Properties GAAP EPS of $0.87 beats by $0.02, revenue of $125.66M beats by $1.73M
Oct 25Here's Why We Think EastGroup Properties (NYSE:EGP) Might Deserve Your Attention Today
Oct 10Eastgroup Properties raises quarterly dividend by 13.6%
Aug 26Amazon Sneezed, EastGroup Properties Caught A Cold
Aug 18EastGroup Properties: Rocket On The Launching Pad
Jul 30Is Now The Time To Put EastGroup Properties (NYSE:EGP) On Your Watchlist?
Jul 04EastGroup Properties: Still Quality, But Still Pricey Too
Apr 18I Ran A Stock Scan For Earnings Growth And EastGroup Properties (NYSE:EGP) Passed With Ease
Feb 24EastGroup Properties: A Closer Look At The Top Industrial REIT
Feb 02EastGroup Properties Stock: A Price That's Too High, Even For Quality
Nov 02EastGroup Properties: Wrestling Over This Excellent But Richly Valued Industrial REIT
Jun 30Financial Position Analysis
Short Term Liabilities: EGP's short term assets ($142.5M) do not cover its short term liabilities ($325.5M).
Long Term Liabilities: EGP's short term assets ($142.5M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: EGP's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: EGP's debt to equity ratio has reduced from 122.7% to 63% over the past 5 years.
Debt Coverage: EGP's debt is well covered by operating cash flow (21.6%).
Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (5.2x coverage).