Independence Realty Trust Balance Sheet Health
Financial Health criteria checks 1/6
Independence Realty Trust has a total shareholder equity of $3.5B and total debt of $2.3B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are $5.9B and $2.5B respectively. Independence Realty Trust's EBIT is $127.9M making its interest coverage ratio 1.6. It has cash and short-term investments of $36.4M.
Key information
65.6%
Debt to equity ratio
US$2.29b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$36.43m |
| Equity | US$3.49b |
| Total liabilities | US$2.46b |
| Total assets | US$5.95b |
Recent financial health updates
No updates
Recent updates
Independence Realty Trust: Likely Priced In After Its Year-To-Date Rally
Oct 09Independence Realty Trust: Robust Operating Performance But Time To Play Offense (Rating Downgrade)
Aug 05Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy
May 02Independence Realty: Q4 Earnings Show Improved Portfolio Strength
Feb 17Independence Realty: Steep Discount Overshadows The Yield
Dec 17Independence Realty Trust: Well-Positioned Due To Midwest Exposure (Rating Upgrade)
Sep 19Independence Realty Trust: What's Not To Like?
Aug 23Independence Realty Trust: A Solid Residential REIT Despite Valuation Concerns
Jun 12We Ran A Stock Scan For Earnings Growth And Independence Realty Trust (NYSE:IRT) Passed With Ease
Mar 13
Independence Realty Trust FFO of $0.29 in-line, revenue of $162.49M misses by $1.41M, initiates 2023 guidance
Feb 15Independence Realty Trust: A Modestly Valued Multifamily REIT With Sunbelt Concentration
Jan 10Independence Realty Trust declares $0.14 dividend
Dec 12Should You Be Adding Independence Realty Trust (NYSE:IRT) To Your Watchlist Today?
Nov 23Independence Realty Trust: Skating To Where The Puck Will Be
Sep 28Independence Realty Trust declares $0.14 dividend
Sep 12Independence Realty Trust reports Q2 results
Jul 27If EPS Growth Is Important To You, Independence Realty Trust (NYSE:IRT) Presents An Opportunity
Jul 25Financial Position Analysis
Short Term Liabilities: IRT's short term assets ($67.1M) do not cover its short term liabilities ($179.5M).
Long Term Liabilities: IRT's short term assets ($67.1M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: IRT's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: IRT's debt to equity ratio has reduced from 164.1% to 65.6% over the past 5 years.
Debt Coverage: IRT's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: IRT's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 13:08 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Independence Realty Trust, Inc. is covered by 26 analysts. 9 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 |
|---|---|
| Wesley Golladay | Baird |
| Anthony Powell | Barclays |
| Anthony Powell | Barclays |