Macerich Balance Sheet Health
Financial Health criteria checks 1/6
Macerich has a total shareholder equity of $2.6B and total debt of $4.3B, which brings its debt-to-equity ratio to 167.7%. Its total assets and total liabilities are $7.6B and $5.0B respectively. Macerich's EBIT is $71.4M making its interest coverage ratio 0.4. It has cash and short-term investments of $116.5M.
Key information
167.7%
Debt to equity ratio
US$4.34b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$116.48m |
| Equity | US$2.59b |
| Total liabilities | US$5.00b |
| Total assets | US$7.59b |
Recent financial health updates
No updates
Recent updates
Macerich: Old Retail Is Fading
Oct 16Macerich: Probability Of Better Dividends Is Weak
Aug 01Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade)
May 01Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk
Dec 01Macerich: U.S. Malls Are Not Dying
Sep 20Macerich: Downgrading To Hold After Q2 Results
Aug 10Macerich: 6% Dividend Yield, Tangible Book Value A Concern
Jun 30Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today?
Jun 02Macerich: This Mall REIT Is Hard To Ignore Because Of Its Fat Dividend Yield
Feb 22Macerich: Cheap For A Reason
Feb 15Macerich Q4 2022 Earnings Preview
Feb 06Macerich declares $0.17 dividend
Jan 27Macerich's Investor Day Highlights: Reinventing The Mall
Dec 11Financial Position Analysis
Short Term Liabilities: MAC's short term assets ($363.3M) do not cover its short term liabilities ($535.4M).
Long Term Liabilities: MAC's short term assets ($363.3M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: MAC's net debt to equity ratio (163.2%) is considered high.
Reducing Debt: MAC's debt to equity ratio has reduced from 183.5% to 167.7% over the past 5 years.
Debt Coverage: MAC's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: MAC's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 06:12 |
| End of Day Share Price | 2024/12/20 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
The Macerich Company is covered by 38 analysts. 5 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 |
|---|---|
| null null | Argus Research Company |
| Ross Smotrich | Barclays |
| Paul Adornato | BMO Capital Markets Equity Research |