Mid-America Apartment Communities Balance Sheet Health
Financial Health criteria checks 2/6
Mid-America Apartment Communities has a total shareholder equity of $6.3B and total debt of $4.5B, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are $11.5B and $5.2B respectively. Mid-America Apartment Communities's EBIT is $688.9M making its interest coverage ratio 4.6. It has cash and short-term investments of $41.3M.
Key information
72.3%
Debt to equity ratio
US$4.54b
Debt
Interest coverage ratio | 4.6x |
Cash | US$41.31m |
Equity | US$6.28b |
Total liabilities | US$5.20b |
Total assets | US$11.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAA.PRI's short term assets ($87.0M) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: MAA.PRI's short term assets ($87.0M) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: MAA.PRI's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: MAA.PRI's debt to equity ratio has increased from 71.1% to 72.3% over the past 5 years.
Debt Coverage: MAA.PRI's debt is well covered by operating cash flow (25%).
Interest Coverage: MAA.PRI's interest payments on its debt are well covered by EBIT (4.6x coverage).