Macerich Balance Sheet Health
Financial Health criteria checks 0/6
Macerich has a total shareholder equity of $2.4B and total debt of $4.4B, which brings its debt-to-equity ratio to 185.3%. Its total assets and total liabilities are $7.4B and $5.0B respectively. Macerich's EBIT is $130.0M making its interest coverage ratio 0.7. It has cash and short-term investments of $120.1M.
Key information
185.3%
Debt to equity ratio
US$4.37b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$120.05m |
| Equity | US$2.36b |
| Total liabilities | US$5.00b |
| Total assets | US$7.36b |
Recent financial health updates
No updates
Recent updates
Macerich: 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 11Macerich: Now A Dividend Growth Stock
Nov 05Macerich raises dividend by 13.3% to $0.17/share
Oct 28Macerich Stock: This Is Getting Ridiculous
Sep 30Macerich May Be The Greatest REIT Opportunity
Aug 26Macerich: Incredibly Cheap Despite The Clear Recovery Trend
Aug 14Very Good News For Macerich
Jul 28Macerich declares $0.15 dividend
Jul 20Why Simon Property Group Is A Better Buy Than Macerich
Jul 07I Remain Cautiously Optimistic On Macerich
May 24Is Macerich Company A Value Trap?
May 04Financial Position Analysis
Short Term Liabilities: MAC's short term assets ($372.5M) do not cover its short term liabilities ($716.6M).
Long Term Liabilities: MAC's short term assets ($372.5M) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: MAC's net debt to equity ratio (180.2%) is considered high.
Reducing Debt: MAC's debt to equity ratio has increased from 174.4% to 185.3% over the past 5 years.
Debt Coverage: MAC's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: MAC's interest payments on its debt are not well covered by EBIT (0.7x coverage).