Public Storage Balance Sheet Health
Financial Health criteria checks 2/6
Public Storage has a total shareholder equity of $9.8B and total debt of $9.4B, which brings its debt-to-equity ratio to 95.9%. Its total assets and total liabilities are $19.8B and $10.0B respectively. Public Storage's EBIT is $2.3B making its interest coverage ratio 10.9. It has cash and short-term investments of $542.3M.
Key information
95.9%
Debt to equity ratio
US$9.40b
Debt
| Interest coverage ratio | 10.9x |
| Cash | US$542.26m |
| Equity | US$9.80b |
| Total liabilities | US$9.99b |
| Total assets | US$19.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSA.PRR's short term assets ($573.5M) do not cover its short term liabilities ($584.6M).
Long Term Liabilities: PSA.PRR's short term assets ($573.5M) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: PSA.PRR's net debt to equity ratio (90.4%) is considered high.
Reducing Debt: PSA.PRR's debt to equity ratio has increased from 21.7% to 95.9% over the past 5 years.
Debt Coverage: PSA.PRR's debt is well covered by operating cash flow (34.3%).
Interest Coverage: PSA.PRR's interest payments on its debt are well covered by EBIT (10.9x coverage).