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 13.4. 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 | 13.4x |
| 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
REIT 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 03Public Storage: Why Buy Treasuries When You Can Buy This Stock
Oct 11Public Storage: A Simple Question Of Supply And Demand
Sep 08Public Storage: The 5.45% Yielding Preferred Shares Offer Excellent Risk/Reward
Aug 06Public Storage: Lock In A Solid Yield Before It Goes Higher
Jul 14This Is A PSA: Public Storage Is Undervalued
Jun 21Building Wealth With Public Storage: My High-Conviction Dividend Play
May 24Financial Position Analysis
Short Term Liabilities: PSA's short term assets ($302.2M) do not cover its short term liabilities ($504.2M).
Long Term Liabilities: PSA's short term assets ($302.2M) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: PSA's net debt to equity ratio (87.6%) is considered high.
Reducing Debt: PSA's debt to equity ratio has increased from 15.5% to 90.3% over the past 5 years.
Debt Coverage: PSA's debt is well covered by operating cash flow (35.5%).
Interest Coverage: PSA's interest payments on its debt are well covered by EBIT (13.4x coverage).