EastGroup Properties Balance Sheet Health
Financial Health criteria checks 3/6
EastGroup Properties has a total shareholder equity of $2.8B and total debt of $1.6B, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are $4.8B and $1.9B respectively. EastGroup Properties's EBIT is $251.4M making its interest coverage ratio 6.2. It has cash and short-term investments of $34.3M.
Key information
57.4%
Debt to equity ratio
US$1.63b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$34.30m |
| Equity | US$2.83b |
| Total liabilities | US$1.92b |
| Total assets | US$4.75b |
Recent financial health updates
No updates
Recent updates
EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider
Nov 01EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery
Aug 23EastGroup Properties Is Well-Positioned To Benefit From The Upcoming Market Shift
Jul 01EastGroup 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 18Financial Position Analysis
Short Term Liabilities: EGP's short term assets ($150.6M) do not cover its short term liabilities ($328.7M).
Long Term Liabilities: EGP's short term assets ($150.6M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: EGP's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: EGP's debt to equity ratio has reduced from 101.7% to 57.4% over the past 5 years.
Debt Coverage: EGP's debt is well covered by operating cash flow (24.6%).
Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (6.2x coverage).