Public Storage Balance Sheet Health
Financial Health criteria checks 2/6
Public Storage has a total shareholder equity of $10.0B and total debt of $9.1B, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are $19.6B and $9.6B respectively. Public Storage's EBIT is $2.3B making its interest coverage ratio 13.3. It has cash and short-term investments of $271.6M.
Key information
90.3%
Debt to equity ratio
US$9.07b
Debt
Interest coverage ratio | 13.3x |
Cash | US$271.65m |
Equity | US$10.05b |
Total liabilities | US$9.57b |
Total assets | US$19.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSA.PRF's short term assets ($271.6M) do not cover its short term liabilities ($504.2M).
Long Term Liabilities: PSA.PRF's short term assets ($271.6M) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: PSA.PRF's net debt to equity ratio (87.6%) is considered high.
Reducing Debt: PSA.PRF's debt to equity ratio has increased from 15.5% to 90.3% over the past 5 years.
Debt Coverage: PSA.PRF's debt is well covered by operating cash flow (35.8%).
Interest Coverage: PSA.PRF's interest payments on its debt are well covered by EBIT (13.3x coverage).