Extra Space Storage Balance Sheet Health
Financial Health criteria checks 3/6
Extrace Storage has a total shareholder equity of $15.0B and total debt of $11.5B, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are $28.1B and $13.1B respectively. Extrace Storage's EBIT is $1.5B making its interest coverage ratio 3.1. It has cash and short-term investments of $100.6M.
Key information
77.1%
Debt to equity ratio
US$11.53b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$100.65m |
| Equity | US$14.96b |
| Total liabilities | US$13.10b |
| Total assets | US$28.06b |
Recent financial health updates
No updates
Recent updates
Extra Space Storage: Solid All-Weather Value, Set To Move
Nov 13Extra Space, Extra Gains: How Extra Space Storage Is Winning The Dividend Game
Sep 01Extra Space Storage: Solid Q2 Results, Buy For REIT Rally
Jul 31Extra Space Storage: Results Are Improving, But Rates A Risk (Rating Upgrade)
May 17I'm Betting On 5%-Yielding Extra Space Storage To Grow My Wealth
May 04Extra Space Storage: Oversupply And Reduced Demand Are Taking A Toll
Apr 02Extra Space Storage Is A Buy (Technical Analysis)
Mar 04Extra Space Storage: Set Up For Great Performance For Years To Come
Feb 03Why 4.4%-Yielding Extra Space Storage Remains My Favorite REIT
Jan 23Extra Space Storage: An Attractive Entry Point To Capitalize On The Long-Term Growth
Jan 02Extra Space Storage: Take Profits After A Rate-Driven Rally
Dec 20I'm Not Done Buying 5.5%-Yielding Extra Space Storage
Nov 10Extra Space Storage: This Could Be The Best Time In 14 Years To Buy This 6% Yielding Ultra SWAN
Oct 28Extra Space Storage: Stock Bust Is Still Finding Its Bottom
Oct 10Extra Space Storage: Yielding 5%, May Be My Favorite REIT
Sep 05Extra Space Storage: No Place To Shelter
Aug 04Extra Space Storage: Opportune Time To Buy A Best-In-Class REIT
Jul 21Extra Space Storage Buying Life Storage Will Change US Self-Storage Industry
Jul 03Why I Keep Buying Extra Space Storage's 4.6% Yield
Jun 26Extra Space Storage: Left Behind With A Solid Yield
Jun 12Why I'm Buying More Extra Space Storage
Feb 24Here's Why Extra Space Storage (NYSE:EXR) Has Caught The Eye Of Investors
Feb 19
Extra Space Storage raises quarterly dividend by 8% to $1.62/share
Feb 16Extra Space Storage: Need For Space
Jan 04Why Extra Space Storage Is A No-Brainer Buy For A SWAN Portfolio
Nov 15Extra Space Storage acquires Storage Express for $590M to expand national portfolio
Sep 16Financial Position Analysis
Short Term Liabilities: EXR's short term assets ($1.4B) exceed its short term liabilities ($462.9M).
Long Term Liabilities: EXR's short term assets ($1.4B) do not cover its long term liabilities ($12.6B).
Debt to Equity History and Analysis
Debt Level: EXR's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: EXR's debt to equity ratio has reduced from 167% to 77.1% over the past 5 years.
Debt Coverage: EXR's debt is not well covered by operating cash flow (16%).
Interest Coverage: EXR's interest payments on its debt are well covered by EBIT (3.1x coverage).