This company has been acquired
Life Storage Balance Sheet Health
Financial Health criteria checks 1/6
Life Storage has a total shareholder equity of $3.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are $7.4B and $3.6B respectively. Life Storage's EBIT is $484.8M making its interest coverage ratio 4.1. It has cash and short-term investments of $32.8M.
Key information
89.5%
Debt to equity ratio
US$3.40b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$32.77m |
| Equity | US$3.80b |
| Total liabilities | US$3.57b |
| Total assets | US$7.38b |
Recent financial health updates
No updates
Recent updates
The Low Hanging Fruit Phenomenon As Taught By Life Storage
Jun 28Should You Be Adding Life Storage (NYSE:LSI) To Your Watchlist Today?
Feb 27
Life Storage Q4 2022 Earnings Preview
Feb 22Life Storage Equity Holders Should Expect A Higher Offer From Public Storage
Feb 06Life Storage raises dividend by 11% to $1.20
Jan 03Buying Top-Tier Real Estate With Life Storage
Dec 15Life Storage promotes Alexander Gress to CFO
Oct 25Life Storage Is A Great Bargain Around Its 52-Week Lows
Oct 14Life Storage declares $1.08 dividend
Oct 03Should You Be Adding Life Storage (NYSE:LSI) To Your Watchlist Today?
Sep 26Life Storage FFO of $1.65 beats by $0.12, revenue of $257.05M beats by $13.63M
Aug 03Life Storage raises dividend by 8% $1.08
Jul 05The Life Storage Bull Case Got So Much Better
May 22Life Storage Is Firing On All Cylinders
Mar 11Financial Position Analysis
Short Term Liabilities: LSI's short term assets ($77.1M) do not cover its short term liabilities ($129.3M).
Long Term Liabilities: LSI's short term assets ($77.1M) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: LSI's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: LSI's debt to equity ratio has increased from 86% to 89.5% over the past 5 years.
Debt Coverage: LSI's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: LSI's interest payments on its debt are well covered by EBIT (4.1x coverage).