Public Storage Balance Sheet Health
Financial Health criteria checks 2/6
Public Storage has a total shareholder equity of $9.7B and total debt of $9.5B, which brings its debt-to-equity ratio to 97.6%. Its total assets and total liabilities are $19.8B and $10.1B respectively. Public Storage's EBIT is $2.2B making its interest coverage ratio 9.3. It has cash and short-term investments of $599.0M.
Key information
97.6%
Debt to equity ratio
US$9.47b
Debt
| Interest coverage ratio | 9.3x |
| Cash | US$599.00m |
| Equity | US$9.71b |
| Total liabilities | US$10.09b |
| Total assets | US$19.80b |
Recent financial health updates
No updates
Recent updates
Public Storage: Still Great, But Still Not Worth The Purchase
Sep 034%-Yielding Public Storage - One Of The Best REITs On The Market
Jul 11Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield
May 29A Public Service Announcement On Public Storage - It's A 'Buy'
May 05REIT Public Storage Has Been And May Continue To Be A Terrible Investment
Apr 22Public Storage: Great Entry Point For Long-Term Investors
Mar 264.3%-Yielding Public Storage: A Steady Eddie You May Need In Your Portfolio
Mar 18Public Storage: The Self-Storage Glut Is Coming In 2024
Feb 19Public Storage: Store Away And Lock Up Your Shares For The Long Term
Feb 12Public Storage: Remains Attractive With A 4% Dividend Yield
Jan 05Public Storage: 4.5% Yield, A-Rated Debt, And Strong Annual Total Return Potential
Dec 05Public Storage: Back In The Buy Zone
Nov 10Public Storage: The Preferred Dividends Are Well Covered
Nov 03Financial Position Analysis
Short Term Liabilities: PSA's short term assets ($599.0M) do not cover its short term liabilities ($619.4M).
Long Term Liabilities: PSA's short term assets ($599.0M) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: PSA's net debt to equity ratio (91.4%) is considered high.
Reducing Debt: PSA's debt to equity ratio has increased from 20.8% to 97.6% over the past 5 years.
Debt Coverage: PSA's debt is well covered by operating cash flow (33.3%).
Interest Coverage: PSA's interest payments on its debt are well covered by EBIT (9.3x coverage).