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: 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
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 23:06 |
| End of Day Share Price | 2024/12/31 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 |