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 ratio | 0.8x |
Cash | US$7.22m |
Equity | US$1.15b |
Total liabilities | US$745.68m |
Total assets | US$1.90b |
Recent financial health updates
No updates
Recent updates
Elme 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 20Elme Communities CFO Stephen Riffee to retire
Nov 09Washington Real Estate: Too Concentrated In Just One Economic Region
Sep 19Washington Real Estate Investment Trust: Shares Are Starting To Look Unappealing
May 28Financial 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).