Equity Residential Balance Sheet Health
Financial Health criteria checks 3/6
Equity Residential has a total shareholder equity of $11.6B and total debt of $7.2B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are $19.9B and $8.3B respectively. Equity Residential's EBIT is $891.1M making its interest coverage ratio 3.3. It has cash and short-term investments of $44.5M.
Key information
62.3%
Debt to equity ratio
US$7.21b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$44.54m |
| Equity | US$11.57b |
| Total liabilities | US$8.32b |
| Total assets | US$19.89b |
Recent financial health updates
No updates
Recent updates
Equity Residential: Buy Into Fed's Rate Cuts
Mar 10Equity Residential: Further Improvement Necessary In West Coast Markets
Feb 06Equity Residential: Discounted Price Spells Opportunity
Jan 18Equity Residential: Lack Of Supply In Legacy Markets Should Buoy Rents
Dec 15Equity Residential: Low Yield, But Large Discount To NAV
Nov 13Equity Residential: Unlock Value In This Dividend Bargain
Sep 25Equity Residential: Positioned For A Double Total Return
Aug 02No Matter The Scenario, Equity Residential Is Strictly Better Than Treasuries
Jun 01Equity Residential Q4 2022 Earnings Preview
Feb 08Equity Residential Has Entered 'Buy' Territory
Jan 29Equity Residential declares $0.625 dividend
Dec 16Equity Residential: Declining Home Prices Will Create A Headwind To Rate Growth
Oct 28Equity Residential's Discounted Valuation Makes It An Attractive Buy
Oct 08Equity Residential declares $0.625 dividend
Sep 15Equity Residential sees 2022 revenue growth meeting, beating guidance midpoint
Aug 31Equity Residential: Inflation Protection And Shares Reasonably Valued
Aug 23Equity Residential FFO of $0.89 beats by $0.03, revenue of $687.03M beats by $14.05M
Jul 26Equity Residential: 3.6% Yield, 29% Upside, Almost Recovered From COVID
Jun 16Equity Residential: Strong Fundamentals, But High Price Multiples
Apr 07I Ran A Stock Scan For Earnings Growth And Equity Residential (NYSE:EQR) Passed With Ease
Mar 07
Demography Is Destiny: Equity Residential's Evolving Portfolio
Dec 27Here's Why I Think Equity Residential (NYSE:EQR) Might Deserve Your Attention Today
Nov 23Equity Residential: Shares Are At Risk Of Being Overvalued
Oct 28Financial Position Analysis
Short Term Liabilities: EQR's short term assets ($201.6M) do not cover its short term liabilities ($684.8M).
Long Term Liabilities: EQR's short term assets ($201.6M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: EQR's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: EQR's debt to equity ratio has reduced from 83.9% to 62.3% over the past 5 years.
Debt Coverage: EQR's debt is well covered by operating cash flow (21.3%).
Interest Coverage: EQR's interest payments on its debt are well covered by EBIT (3.3x coverage).