Elme Communities Balance Sheet Health

Financial Health criteria checks 1/6

Elme Communities has a total shareholder equity of $1.2B and total debt of $679.3M, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $1.9B and $745.7M respectively. Elme Communities's EBIT is $25.1M making its interest coverage ratio 0.8. It has cash and short-term investments of $7.2M.

Key information

58.9%

Debt to equity ratio

US$679.35m

Debt

Interest coverage ratio0.8x
CashUS$7.22m
EquityUS$1.15b
Total liabilitiesUS$745.68m
Total assetsUS$1.90b

Recent financial health updates

No updates

Recent updates

Elme Communities: Positive Developments, Neutral View On Shares

Oct 31

ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued

Aug 24

Elme Communities: Investing In Smart Technologies To Grow FFO

Jun 21

Elme Communities Q4 Earnings Preview

Feb 15

Elme Communities: May Have Missed The Multifamily Train

Jan 18

Elme Communities goes ex-dividend tomorrow

Dec 20

Elme Communities CFO Stephen Riffee to retire

Nov 09

Washington Real Estate: Too Concentrated In Just One Economic Region

Sep 19

Washington Real Estate Investment Trust: Shares Are Starting To Look Unappealing

May 28

Financial Position Analysis

Short Term Liabilities: ELME's short term assets ($49.4M) do not cover its short term liabilities ($54.9M).

Long Term Liabilities: ELME's short term assets ($49.4M) do not cover its long term liabilities ($690.8M).


Debt to Equity History and Analysis

Debt Level: ELME's net debt to equity ratio (58.2%) is considered high.

Reducing Debt: ELME's debt to equity ratio has reduced from 115.3% to 58.9% over the past 5 years.

Debt Coverage: ELME's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: ELME's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


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