Elme Communities Balance Sheet Health
Financial Health criteria checks 1/6
Elme Communities has a total shareholder equity of $1.1B and total debt of $692.9M, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are $1.9B and $754.2M respectively. Elme Communities's EBIT is $23.4M making its interest coverage ratio 0.6. It has cash and short-term investments of $5.2M.
Key information
63.1%
Debt to equity ratio
US$692.90m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$5.17m |
| Equity | US$1.10b |
| Total liabilities | US$754.19m |
| Total assets | US$1.85b |
Recent financial health updates
No updates
Recent updates
Elme Communities: Lack Of Near-Term Catalyst Post-Turnaround Points To A Hold
Jan 23Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
Dec 02Elme Communities: Doesn't Seem Worth The Risks
Jul 18Elme Communities: Positive Developments, Neutral View On Shares
Oct 31ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued
Aug 24Elme Communities: Investing In Smart Technologies To Grow FFO
Jun 21Elme Communities Q4 Earnings Preview
Feb 15Elme Communities: May Have Missed The Multifamily Train
Jan 18Elme Communities goes ex-dividend tomorrow
Dec 20Financial Position Analysis
Short Term Liabilities: ELME's short term assets ($47.3M) do not cover its short term liabilities ($177.2M).
Long Term Liabilities: ELME's short term assets ($47.3M) do not cover its long term liabilities ($577.0M).
Debt to Equity History and Analysis
Debt Level: ELME's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: ELME's debt to equity ratio has reduced from 95.1% to 63.1% over the past 5 years.
Debt Coverage: ELME's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: ELME's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 23:15 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Elme Communities is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Michael Gorman | BTIG |
| James Sullivan | BTIG |